Lookonchain: Presale Participant Turns $50K into $1.3 Million Profit Trading BEER

IconCryptoNewsTerminal Staff14 Jun, 2024

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Lookonchain: Presale Participant Turns $50K into $1.3 Million Profit Trading BEER

Lookonchain, a blockchain analytics platform, has reported that an early investor in the BEER token has sold their holdings for a substantial profit of $1.3 million. According to Lookonchain, the investor acquired 3.38 billion BEER tokens in a presale for 301.2 SOL (approximately $50,000) and purchased an additional 1.86 billion BEER tokens for 5.45 billion BONK (around $192,000) on May 26th. Following the listing of BEER on Gate.io, the investor deposited 240 million BEER tokens into the exchange. Today, June 14th, they sold 4.6 billion BEER tokens, netting over $1.3 million in profits. This represents a significant return on their initial investment, demonstrating the potential profitability of participating in presales of promising cryptocurrencies.

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