Crypto Trader Turns $780 into $267,000 by Trading SOL and DADDY

IconCryptoNewsTerminal Staff14 Jun, 2024

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Crypto Trader Turns $780 into $267,000 by Trading SOL and DADDY

On-chain analytics provider Lookonchain disclosed that a trader made an astonishing 385x return on a trade. The trader created a new wallet, transferred 4.86 SOL ($780) from FixedFloat, and purchased 3.71 million DADDY. Over the following three days, they sold their DADDY holdings for 1,736.1 SOL ($267,000). The trader's strategy highlights the potential profitability of cryptocurrency trading. They identified an opportunity in the DADDY market and executed their trade with precision. This case study serves as a reminder that substantial returns are possible in the crypto market, but also underscores the importance of careful research and risk management. ```

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