Cryptocurrency owner earned $ 427,000 in a month — the tokens he bought are named

! Not financial advice — ed.

In just one month, the cryptocurrency enthusiast earned $ 427,000. Market observers noted that the investor did not buy any meme coins, which, under the right circumstances, can enrich the owner of digital assets. The online analytical resource Lookonchain described the success story of the crypto user, indicating the balance of the trader’s wallet and transaction history.

on June 16, the trader invested $ 942,000 in various cryptocurrencies. In particular, he purchased 71,891 UNI tokens worth $Z12,000 (at an average cost of $ 4.Z4). In addition, he became the owner of 6,71 AAVE tokens for $ 20,000 (the rate fluctuated around $ 50). Finally, an anonymous person purchased 189,255 LDO tokens worth $ 10,000 (at an average price of $ 1.64).

In just a month after the sale of the crypto assets, the investor’s profit amounted to $ 1.7 million. The trader sold 71,891 UNI tokens, receiving $ 420,000 (at $ 5.84 per unit). In addition, he sold 6,71 AAVE tokens for $ 500,400 (the cost of a token was $ 79). Finally, the trader sold 189,255 LDO coins for a whopping $ 448,500 ($ 2.З7 per token).

Industry analysts emphasize that this is a rare case of making such a significant profit in a relatively short period of time. Experts emphasize that for such tactics to work, investors must have significant start-up capital.

As a reminder, both June and July 2023 were marked by a sharp demand for meme cryptocurrencies and little-known digital assets. Elon Musk contributed to the crypto hype, as the XAI token made an impressive 750% jump in a day before the launch of the businessman’s AI startup, xAI. Earlier, the billionaire provoked the rise of the PSYOP cryptocurrency by more than 2600% with one tweet. Musk also popularized Milady Meme Coin (LADYS) with his post, which immediately soared in price by 12,000%.

At the same time, Charles Hoskinson, the father of Cardano, started promoting the blockchain token Snek. The cryptocurrency immediately grew by 23,000%. And the last unexpectedly steep rise in July was the meme-coin KEK (KEKE). on July 4, cryptocurrency trackers recorded a record trading volume of the coin — it soared by 4647% with a 77% increase in the rate.