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Home»ALTCOIN NEWS»Lucky Trader gains 6,102% in series of trades on explosive new Dogecoin and Shiba Inu rival: On-Chain Data
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Lucky Trader gains 6,102% in series of trades on explosive new Dogecoin and Shiba Inu rival: On-Chain Data

By Crypto FlexsDecember 11, 20232 Mins Read
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Lucky Trader gains 6,102% in series of trades on explosive new Dogecoin and Shiba Inu rival: On-Chain Data
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One ‘lucky’ trader is attracting attention for making huge profits in just one month by trading new rivals Dogecoin (DOGE) and Shiba Inu (SHIB).

Traders made a profit of about $2.5 million, or a 6,102% gain, according to blockchain tracking service Lookonchain. purchase It is selling Grok (GROK), a token inspired by but unrelated to Grok AI, the chatbot service on Elon Musk’s social media platform X.

“This trader made ~$2.5M (+6,102%) on GROK in one month. Let’s see how he did.”

Look on chain Called The trader purchased Grok at the right time and later sold some of his holdings on cryptocurrency exchange Gate.io as the value of memecoin soared. As of this writing, traders still hold nearly 70 million Grok.

“This merchant was very lucky. He caught grog within 3 minutes of trading and bought a large amount of grog at a very low price. He made a 140x profit in less than 12 hours and bought more grog.

When Grok was listed on (cryptocurrency exchange) Gate.io, he started depositing Grok into Gate.io to sell for a profit.

This trader spent 21.24 ETH ($42,000) to purchase 154.7 million Grok. He then sold 11.88 million Grok on the DEX for 18.44 ETH ($37,000) and deposited 72.96 million Grok ($1.38 million) on Gate.io.

Currently, he still has 69.87 million GROK ($1.16 million), with a total profit of ~$2.5 million.”

Source: Lookonchain/X

Grok is trading at $0.0165 at the time of writing and has risen slightly over the past 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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