The cryptocurrency market has experienced a drastic turn, where an investor who bought a large number of HIPPO tokens at a small price sold his tokens before they surged to millions. For instance, Lookonchain analyzed that the investor, who sold 2.53 billion HIPPO tokens for only 3,975 SUI or $7,500, is now worth a staggering $30 million.
The Initial Investment: $368 For 2.5 Billion HIPPO Tokens
The unknown investor bought 2.53 billion HIPPO tokens on September 28, immediately following the token launch, for just 196 SUI or roughly $368. Since it was recently listed on the market, the investors probably expected some small profits, but nobody could imagine how fast the token would increase in price in a matter of days.
Selling Too Soon: $7.5K vs. $30M
Even though the investor kept the tokens for only a couple of days, they decided to sell all 2.53 billion HIPPO tokens for 3,975 SUI, which is approximately $7,500. This was good enough to yield more than twenty folds the original amount invested though, it could have been much more. HIPPO has increased its value in less than a week. The total supply of HIPPO tokens is 2.53 billion, and the current value exceeds $30 million, tens of thousands of times more than the price at which the investor sold his tokens.
This case has caused debates in the crypto community regarding the role of timing in such markets.
Market Trends: HIPPO’s Meteoric Rise
Based on October 4th data, the HIPPO token has been increased by 4.80% in the last 24 hours and costs $ 0.01196 per token. As per the DEXScreener data, the token’s market cap increased to $119.6M. It has received a lot of trading attention, with 19,237 transactions in trading and a trading turnover of $4.9M. The buy volume was slightly higher than the sell volume, once again putting a continuous upward pressure on the token price.
Missed Opportunities and Lessons Learned
This case should be a good lesson to anyone who thinks that they can predict the future of the cryptocurrency community. The investor may have thought they were securing a nice profit, but because of the token’s explosive growth, everyone involved would have walked away enormously rich if the sale had happened at the perfect time. As with any cryptocurrency, timing is critical, where token values can fluctuate rapidly, sometimes within hours or days.
