Today a smart trader captured public interest after he earned a whopping $1.8 million profit trading SHADOW. Lookonchain talked about the trader’s investment journey and the potential associated with the SHADOW token. SHADOW is a native token powered by Shadow Exchange – a centralized cryptocurrency exchange owned by Sonic Labs.
Trader’s investment approach
The trader’s investment journey started on Jan.31 and Feb.2 when he made a bold move by spending $98,000 to buy 10,325 SHADOW tokens at an average price of $9.49 per coin.
Following this acquisition stage, the investor capitalized on the market rise by selling 9,325 SHADOW tokens for $1.72 million today Feb.21, where the asset was priced at $184.45 per coin.
Despite selling a huge part of his holdings today, the investor still holds 1000 SHADOW tokens worth $183,000. His first patch of sales netted him a remarkable profit of $1.72 million.
Together with the tokens he currently holds, his total profit amounts to $1.8 million, boasting an incredible ROI of 1736%. This fantastic performance showcases the investor’s strategic thinking and market timing in the digital asset world.
This achievement highlights SHADOW’s growth potential, especially through portfolio diversification and strategic intelligence.
SHADOW price updates
SHADOW has been gaining investor interest with its ongoing bull run. The token, which was launched a month ago, has been seeing tremendous price surges. Today, the asset’s price reached a new AHT of $215.63 on Feb.21. At press time, its price is currently standing at $170.21, 19.95% lower than the highest price. So far, its price has experienced a 1603.6% rise over the past 30 days.
This massive price rally comes after the asset recently broke out from a head and shoulder pattern, a technical setup that normally hints at a potential bullish trend.
One of the remarkable developments in the SHADOW token during these recent days is the positive change in user sentiment. Despite being launched a month ago, the asset has captured investors’ attention rapidly, indicating increased optimism in the asset.
This growth in positive sentiment shows that more traders are becoming enthusiastic about the asset’s future potential. This increase in market sentiment is crucial because it has been helping to sustain the ongoing market rally. As sentiment rises, more investors get attracted to SHADOW, which assists in pushing its price higher.
