A cryptocurrency whale has made some bold moves in the crypto market and earned big profits. Early on, the investor invested in $WIF memecoin which, at the buying time, had a market cap of just $58 million. As Lookonchain data reveals, this decision turned out to be very profitable as the whale gained $7.5 million in profit.
Whale Makes Big Bets on $PNUT, $Pippins with Profits Growing
The whale then invested in $PNUT, a $460M market cap crypto currency. This move also proved to be a lucrative investment, worth $1.2 million. The whale spent most recently $1.52 million to buy 6.71 million $Pippins. This purchase was made just few hours ago. Currently, this investment provides a $570,000 unrealized profit.
This demonstrates how the crypto world works, and how whale investors can take risk and earn huge returns. They also usually invest huge amounts of money into smaller or flourishing assets. These recent investments clearly show how this strategy can be very profitable.
Crypto Whale Wins Big with Risky Investments
But such strategies are not without risk. Because crypto is such a volatile market, these large bets can also translate to large losses. However, the whale’s success shows just how much money there can be to be made in the market if timed right.
Ultimately, the whale’s most recent investments, reported by Lookonchain, into $WIF, $PNUT and $Pippins, which is just so crypto world. Investors, with an eye on opportunities and able to swing a higher risk asset, may be able to collect big profits.
