Some crypto traders rely on feeling, others on analysis, but still manage to buy and sell at the right time. An unknown dealer managed to get five ether (ETH) in million dollars. He achieved this by buying and selling the new token PepeFork (PORK) at the right time.
Ethereum trader makes millions
The trader’s investment was 5 Ethereum, worth about $12,000. He used this to buy 9.5 trillion tokens shortly after the launch of the PepeFork token. Through the trade, the trader sold 6.3 trillion tokens back to Ethereum. The result? A profit of 329 Ethereum worth $765,000.
In just 3 days, this trader earned $3.3 million $PIG with only 5 $ETH($12,000)!😱
This dealer discovered it $PIG 7 minutes after trading opens and 5 $ETH($12,000) to purchase 9.5 tons $PIG.
Then he sold 6.3T $PIG for 329 $ETH($765,000), which is a profit of 324 $ETH($753,000).
This dealer… pic.twitter.com/IGYS6U0SPU
– Lookonchain (@lookonchain) February 2, 2024
The trader retained the remaining tokens in his possession. At the time of writing, the tokens are said to be worth 2.55 million. So that means he made a total of $3.3 million worth of millions from PepeFork.
What is PepeFork?
PepeFork (PORK) is a memecoin based on the Pepe (PEPE), which proved to be very successful for many investors in 2023. The developers describe it as a fork of Pepe and investors can buy the memecoin on it Exchange like Uniswap and MEXC.
In addition, PepeFork recorded significant growth. For example, the coin shot up more than 450% within 48 hours of its launch. In total there is a supply of 420 trillion tokens, but among users and different reactions Something catches your eye on X. The top 10 largest investors own 15% of the total supply, with users saying in advance that they are insiders of the project.
Investing in memecoins is risky
Nowadays, memecoins have become an integral part of the world Crypto World. For example, a trader recently saw that Elon Musk had changed his X profile to CTO, “Chief Troll Officer.” He then purchased a large amount of 19.37 trillion tokens. He currently owns 10 trillion TROLL tokens, worth about $1 million.
But these success stories are rare, so be warned. Investing in such memecoins therefore involves great risks and a lot of money is often lost due to unwise decisions.
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