Cryptocurrency

Richard

Base

Giant

An anonymous cryptocurrency trader managed to turn a $113,000 investment into a staggering $3.4 million by trading a memecoin called DEGEN. The trader bridged 38 ETH ($113K) to Base on February 22nd and then purchased 85.36 million DEGEN with 31.6 ETH ($108K) on March 2nd.
His recent sale of 72.73 million DEGEN earned the trader $2.83 million USD, leaving the whale with 12.6 million (worth $600 thousand) DEGEN.
In another extraordinary incident, an investor not only earned $1.35 million from a memecoin called BOME, but also earned over $90 million from a memecoin called MEW. The investor spent SOL 5,490 ($1.07 million) to acquire 9.58 billion MEW, representing 10.8% of the total supply. Unrealized profits from this venture now exceed $90 million.
Related News: <a href="https://en.bitcoinsistemi.com/unplanned-mystery-visit-to-south-korea-by-binance-ceo-richard-teng-whats-the-goal/" target="_blank" rel="noopener noreferrer nofollow">Unplanned Mystery Visit to South Korea by Binance CEO Richard Teng: What's the Goal?</a>
However, although some traders earn impressive amounts from memecoins, most traders lose money in these very risky cryptocurrencies.
In another development, the whale with short address 0x506 (yfimaxi.eth) was observed to change position from LDO to SHIB. Whale recently sold 131.297 LDO ($369k) at $2.80 and bought 1.5 billion FLOKI at $0.0002465.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/three-giant-cryptocurrency-whales-have-been-trading-big-in-the-last-hours-one-turned-113k-into-3-4-million/" rel="noopener noreferrer nofollow">Three Giant Cryptocurrency Whales Have Been Trading Big in the Last Hours: One Turned $113K into $3.4 Million!</a>

Three Giant Cryptocurrency Whales Have Been Trading Big in the Last Hours: One Turned $113K into $3.4 Million!

Bitcoin Sistemi EN

Other articles published on Mar 31, 2024

Will Bitcoin Peak Early in Q4 2025? Expert Highlights These Metrics and Implications of BTC’s Pri...

Navigating Ethereum’s Future with SEC Talks, High Yields in Sight for Aave and Innovative AI Crypto

Rare Pepe Artist Scrilla Ventura And Ghostface Killah Join To Drop An NFT Collection

Peter Schiff Teases Reasons For Bitcoin (BTC) Preference Over Gold

Tornado Cash co-founder requests dismissal of money laundering charges

Blast's Booming Ecosystem: 5 Hottest Projects Redefining DeFi and Gaming

Join our free newsletter for daily crypto updates!