Cryptokit was able to increase its profits by 5000% in just one transaction

Cryptocurrency analysts from Arkham recently shared intriguing figures from an anonymous crypto whale who increased his profits by almost 5000% in just one digital asset transaction.

The trader known as 2yZ7 made a risky bet on the Solana network SOL $183.12 Solana -0.32% Market capitalization $87.78 billion VOL. 24 hours $0.73 billion . on November 20, he bought WIF tokens worth about $ 300, which happened about 4 hours after the crypto asset was launched. When investors in the Solana network created a buzz around WIF in early December, the initial value of the crypto assets purchased by 2yZ7 increased almost 20 times.

By December 15, on the wave of excitement in the Solana ecosystem, the crypto whale’s position was worth more than $ 150,000. Later, he converted 2/3 of his tokens into SOL worth more than $ 110,000, making a profit that was more than 300 times higher than his initial amount.

However, the crypto whale did not stop there. He still has $ 60,000 worth of tokens, which are now worth more than $ 95,000. Thus, the total profit and loss of the crypto investor amounted to more than $ 200 thousand, of which almost half is still unrealized.

As a reminder, in late October, the crypto kite suddenly lost $ 3 million in Ethereum after 8 years of inactivity. According to the blockchain tracker Lookonchain, the address that participated in the genesis of Ethereum received 2000 ETH more than 8 years ago. The asset price at that time was $ 0.31. The coins started trading on Saturday, October 21.