Ondo

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 <p class="paragraph">Since it started in earnest late last October, the ongoing crypto market rally has seen multiple well-executed trades that led to swift and impressive rags-to-riches stories.</p> 
 <p class="paragraph">Recent weeks, in particular, have generated multiple moves leading to savvy cryptocurrency <a rel="dofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>s growing their investments hundreds of times over within hours, with new reports seemingly emerging every few days.</p> 
 <p class="paragraph">The most recent of these took place on June 2 when one <a rel="dofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> used 60 Solana (SOL) – at the time worth just under $10,000 – to purchase nearly 90 million of a fairly new cryptocurrency called HAPPY.</p> 
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 <p class="paragraph">Only 10 <a rel="dofollow" title="minutes" href="https://thebittimes.com/tag/minutes.html">minutes</a> later, the same address sold HAPPY for nearly 2,500 SOL – worth approximately $400,000 – per the observations made by <em>Lookonchain</em> on X.</p> 
 <p class="paragraph">In total, the investment rapidly grew as much as 3,900%.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/rRBUPw0GraReVpSkcis-M_4j7S4axdBGa4FhtNNwak9ql4APuJM6meSnLin9dnrZ6K7D4hINpm8UA7RkBi9j1ZcpIim8aFUZO054ZuIwXa0vLft1SBFFq0j0CV93LZBYB1HkwNBSNN6u5GSNrW_ORWg" alt="">
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   HAPPY/SOL price chart with buy and sale points market. Source: Lookonchain
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 <p class="paragraph">HAPPY was launched by an X user known as <em>bazingahappy,</em> who, again, according to <em>Lookonchain,</em> previously spent approximately $14,000 worth of SOL to gain control of as much as 79% of the total supply of the cryptocurrency.&nbsp;</p> 
 <p class="paragraph"><em>Bazingahappy</em>, however, made a point of replying to <em>Lookonchain</em> to clarify they are not the one to have made the stunningly successful 10-minute <a rel="dofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>.</p> 
 <h2 class="wp-block-heading" id="h-trading-new-cryptos-remains-risky-despite-the-potential-upsides">Trading new cryptos remains risky despite the potential upsides</h2> 
 <p class="paragraph">Though much has been said in recent weeks of <a rel="dofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>s who turned less than $1,000 into $650,000 in hours trading cryptocurrencies or those who grew their investments from tens of thousands to millions of dollars within days, it is important to remember that rags-to-riches stories are not the only staple of crypto bull markets to have reemerged in 2024.</p> 
 <p class="paragraph">Indeed, though trading altcoins and meme coins – and particularly newly-released such cryptocurrencies – is always risky, the dangers are only made greater by the fact that old-fashioned scams and simple yet costly mistakes are still more than common.</p> 
 <p class="paragraph">For example, one of the members of the team behind the fairly new Slerf (SLERF) meme coin accidentally burned $10 million worth of investments immediately upon the cryptocurrency’s launch.&nbsp;</p> 
 <p class="paragraph">Near the same time, another meme coin – CondomSOL – proved a simple rug pull, leaving many hopeful investors out in the cold.</p> 
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-trader-turns-10k-into-400k-in-10-minutes-tbt91070.html">https://thebittimes.com/crypto-trader-turns-10k-into-400k-in-10-minutes-tbt91070.html</a></p>

Crypto trader turns $10k into $400k in 10 minutes

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