Ethereum

Uniswap

PepeFork

Elon Musk

<div class="cryptonews">
 <p class="is-style-lead">A <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> managed to turn five Ethereum (ETH) into $3.3 million buying and selling PORK <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>.</p>
 <p>In the latest display of trading acumen, a savvy market participant has executed a stunning financial maneuver transforming a mere five Ethereum — valued at approximately $12,000 — into a staggering $3.3 million fortune within the span of only three days.</p>
 <p>Analysts at Lookonchain closely followed this <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>’s strategic play, noting that the windfall was achieved through a timely investment in the newly launched PepeFork (PORK) cryptocurrency.</p>
 <p>Details emerging from Lookonchain reveal that the trader’s foray into PepeFork’s market began a mere seven minutes following the coin’s debut on Feb. 1. Capitalizing on the nascent trading opportunity, the investor converted the ETH holdings into 9.5 trillion PORK tokens.</p>
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    <p lang="en" dir="ltr">In just 3 days, this <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> made $3.3M on $PORK with only 5 $ETH($12K)!<br><br>This <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> spotted $PORK 7 minutes after it opened trading and spent 5 $ETH($12K) to buy 9.5T $PORK.<br><br>Then he sold 6.3T $PORK for 329 $ETH($765K), realizing a profit of 324 $ETH($753K).<br><br>This <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>… pic.twitter.com/IGYS6U0SPU</p>— Lookonchain (@lookonchain) February 2, 2024
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 <p>The trader then sold 6.3 trillion coins back into ETH, netting them 329 ETH tokens valued at $765,000. After the transaction, the trader was left with 3.2 trillion PORK worth approximately $2.55 million.</p>
 <p>Several Lookonchain followers have speculated that an insider is behind the successful trades. As of the time of writing, Pork is available on Uniswap and MEXC.</p>
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 <p>Buying memcoins at the start of trading and then taking profits is a popular tactic used by many participants in the crypto community, albeit with high risks and high rewards. Earlier this year, an unknown <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> earned $1.1 million in JUP coins using thousands of Solana wallet addresses.</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Trader turns 4.3 ETH into $1m after Elon Musk became CTO
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pork-token-turns-into-huge-gains-for-one-trader-tbt78612.html">https://thebittimes.com/pork-token-turns-into-huge-gains-for-one-trader-tbt78612.html</a></p>

PORK token turns into huge gains for one trader

TheBitTimes

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