A little-known cryptocurrency brought $ 166,000 to an investor in two days

An unknown trader managed to earn $ 166,000 on the growth of the DEFROGS cryptocurrency in just two days. Lookonchain analysts drew attention to the operations of the lucky crypto community member

According to experts, the trader spent 0.26 ETH (about $ 613) to buy 100 DEFROGS coins. For gas, he paid 0.178 ETH (about $ 423). Thus, the user’s investment in cryptocurrency amounted to $ 1036 in ETH.

As DEFROGS grew, the trader sold 60 coins for 27.8 ETH (about $ 67,000). He still has 40 coins at his disposal. Their value, as of the time of writing, is estimated at $ 100,000. Thus, minus the initial investment, the total profit (realized and unrealized) amounted to $ 166,000.

According to Lookonchain subscribers, the developers of the DEFROGS crypto project may be behind the successful transactions. In this case, it could be insider trading. When cryptocurrency trading is launched or other high-profile events occur, the coin rate often increases. Knowing about this effect and having information about the upcoming event, you can make money on early cryptocurrency purchases.

DeFrogs (DEFROGS) is a memecoin created on the basis of the PEPE crypto project, whose symbol is the frog Pepe. According to the developers, DEFROGS is a token of the new ERC-404 standard that combines the properties of cryptocurrencies and non-fungible tokens. The team has issued 10,000 tokens as part of the project.

The first ERC-404 PANDORA token demonstrated a 13-fold growth, rising above $ 8,000 in a short time. According to Lookonchain, two token holders made a huge profit in a short time.