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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.