Crypto:
32099
Bitcoin:
$79.068
% 3.43
BTC Dominance:
%57.9
% 0.90
Market Cap:
$2.61 T
% 1.11
Fear & Greed:
75 / 100
Bitcoin:
$ 79.068
BTC Dominance:
% 57.9
Market Cap:
$2.61 T

Altcoin Investor Seizes Price Drop Opportunity, Purchases Half a Million Dollars Worth

Altcoin

An altcoin investor saw an opportunity during a price drop and made a significant purchase worth half a million dollars.

According to Lookonchain data, a trader spent 3,059 Solana (equivalent to $526,000) to buy 78.57 million GME tokens at $0.0067 each after the GME price declined.

Previously, on February 15-16, this investor had spent 1,409 Solana (worth $165,000) to acquire a total of 68 million GME tokens at $0.0024 each.

After holding these tokens in their wallet for approximately three months, the investor began to profit. On May 13-14, they sold 35 million GME tokens at $0.0144 each, receiving 3,447 Solana (equivalent to $503,000).

According to Lookonchain, the investor still holds 111.57 million GME tokens in their wallet, having gained a total profit of $593,000 from these transactions.

By strategically buying during price dips and selling during price increases, this altcoin investor has successfully capitalized on market fluctuations.

Rate this post
READ:  Bet on Ethereum ETF Approval Exceeds $2.4 Million!

Leave a Reply

Your email address will not be published. Required fields are marked *