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<p>The post <a href="https://coinpedia.org/news/lookonchain-report-trader-turns-1-eth-into-59000-in-just-11-hours-with-new-erc-404-token/">Trader Turns $2400 to $59,000 in 11 Hrs with New ERC-404 Token; Here’s How He Did It</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency world is fascinating and exciting. In the most recent development, a trader made waves by turning a modest investment of 1 <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> into an impressive $59,000 in just 11 hours. Lookonchain, the on-chain tracking platform, highlighted this remarkable success story, all thanks to the ERC-404 MINER token.</p> 
<p>Here are the juicy details you’re curious to explore!</p> 
<h2 class="wp-block-heading" id="h-making-a-fortune-with-ethereum">Making a Fortune with Ethereum</h2> 
<p>According to the Lookonchain analysts, an unknown trader started by withdrawing 1 Ethereum (valued at $2,507) from Binance. Investing 0.065 Ethereum (about $163) strategically, they acquired 1073 $MINER tokens. Crucially, 0.802 Ethereum ($2,010) was earmarked to cover gas fees, laying the foundation for success.</p> 
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   <p lang="en" dir="ltr">Starting with only 1 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($2,507), this smart trader made $59K in 11 hours!<br><br>His secret to making money is buying and selling the <a href="https://twitter.com/hashtag/ERC404?src=hash&amp;ref_src=twsrc%5Etfw">#ERC404</a> token <a href="https://twitter.com/search?q=%24MINER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MINER</a> using high gas!<br><br>He withdrew 1 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> ($2,507) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> and successfully spent 0.065 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($163) to buy 1073 <a href="https://twitter.com/search?q=%24MINER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MINER</a> at a very… <a href="https://t.co/GQDiKupFee">pic.twitter.com/GQDiKupFee</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1756940311690092942?ref_src=twsrc%5Etfw">February 12, 2024</a>
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<p>Seizing the market momentum, the trader sold 722 $MINER tokens, fetching 19.11 Ethereum. Despite spending 0.5 Ethereum on gas (equivalent to $1,244), the trader emerged victorious. Currently holding 350 $MINER tokens (worth $15,000), the total profit stands at an impressive $59,000.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-or-ethereum-which-crypto-will-give-max-returns-this-bull-run/">Bitcoin or Ethereum? Which Crypto Will Give Max Returns this Bull Run?</a></p> 
<h2 class="wp-block-heading" id="h-rise-and-fall-of-the-erc-404-tokens"><strong>Rise and Fall of the ERC-404 Tokens</strong></h2> 
<p>The rise of <a href="https://coinpedia.org/news/are-erc-404-tokens-worth-investing-in-this-crypto-bull-run/">ERC-404 tokens</a> is not the first to enrich traders. Just last week coinpedia reported that an <a href="https://coinpedia.org/news/crypto-trader-turns-a-little-into-a-lot-166k-in-2-days-with-just-0-26-eth/">anonymous trader</a> made a big $166,000 profit in only two days. They spent 0.258 ETH (which is $613) to get DeFrogs tokens.&nbsp;</p> 
<p>They bought 100 DEFROGS for 0.08 ETH ($190) and paid a fee of 0.178 ETH ($423). After a few days, when the price of the token went up fast, they sold 60 DEFROGS for a nice 27.8 ETH ($67,000).</p> 
<p>But there’s a twist – the overall market for ERC-404 tokens is currently down by 30% in the last 24 hours after a big surge last week.</p> 
<h2 class="wp-block-heading" id="h-inside-erc404"><strong>Inside ERC404</strong></h2> 
<p>Delving into ERC404 tokens, they offer a unique blend of fungible and unique features. For example, acquiring a token like PANDORA not only grants the regular token but also a valuable non-fungible token (NFT), adding extra worth to the investment.</p> 
<p><strong>This trader struck gold,&nbsp;but are ERC-404 tokens right for you?</strong></p> 
<p>Read Now: <a href="https://coinpedia.org/news/are-erc-404-tokens-worth-investing-in-this-crypto-bull-run/">ERC 404 Tokens Explode! Should You Invest in Them Now?</a></p>

Trader Turns $2400 to $59,000 in 11 Hrs with New ERC-404 Token; Here’s How He Did It

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