A trader claimed that he earned US$42 million in one year by investing in just 3 cryptocurrencies. It was about the tokens PEPE, ONDO and BEAM. The investor skillfully chose the best cryptocurrencies and the right time to invest.
According to Lookonchain’s post on X, The trader successfully increased his portfolio from $23 million to $65 million in one year, achieving profits of $42 million.
How was the strategy with PEPE
PEPE, a popular meme cryptocurrency, was the most profitable for the trader, who invested $4 million in 2,434 ETH to buy 3.97 trillion PEPE between November 2, 2023 and February 1, 2024.
He then converted it into 350 ETH (worth $127k) by selling only 25 billion PEPE and holding 3.84 trillion PEPE, worth $56.43 million.
How was the strategy with ONDO?
The trader invested $1.9 million to purchase 7.55 million ONDO tokens between January 28 and February 6. At that time, ONDO was trading at an average price of $0.26, but now the price of ONDO rose to $1.08.
The investor sold 2.56 million ONDO for $2 million and held 4.99 million ONDO, worth $5.73 million.
How was the strategy with BEAM?
The third cryptocurrency was BEAM, where the trader invested $2.59 million to buy 139.47 million BEAM tokens on January 4 and 5 at an average price of $0.019. At the time of writing, BEAM is trading at $0.02666.
In February, the trader sold all 139.47 million BEAM coins and earned $4.44 million at an average price of $0.032.
Source: Ambito
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