A cryptocurrency investor managed to make $ 488,000 in profit by purchasing a little-known token

Editor’s note: not financial advice!

Along with major events, such as the approval of exchange-traded funds on ETH, the cryptocurrency market has seen little-known tokens rise to all-time highs (ATH). One of the crypto traders managed to make more than $ 488,000 in profit in 5 hours — all thanks to trading the Jenner token (JENNER).

In the evening of May 29, the trader used 1 ETH (about $ 3717 at the time) to purchase almost 430 million JENNER tokens — 43% of the total supply of the coin. According to Etherscan, since then, the same trader has unloaded 393 million JENNER for 89 ETH ($ 330,000) through 91 transfers.

Currently, the user’s account holds approximately 16 million JENNER worth about $ 104,000, and no new trades have been recorded.

The JENNER trader is far from an isolated case in the current bull market. Earlier, Finbold analysts reported that an unknown crypto investor managed to multiply the value of his investment 419 times by selling the popular Shiba Inu (SHIB) meme coin.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!