In a notable presentation of crypto trading, a trader has reportedly obtained a remarkable profit on an investment just in 3 months. As per Lookonchain, a popular on-chain analytics company, the trader going by “dimethyltryptamine.eth” spent 15.6 $ETH (nearly $47,000) to buy 3.64M $SPX coins just 90 days back to get an enormous $1.27M in return. The analytics firm provided the details of this development on its official social media account.
Crypto Trader Gets a 26x Profit on an Investment Within 3 Months
Lookonchain pointed out in its recent X post that the initial investment of the trader has since jumped massively. This has led to an astonishing 26x profit on the above-mentioned investment in only 3 months. The event denotes the potentially lucrative and volatile nature of the whole crypto sector. Nonetheless, this is not the earliest success of the trader.
The statistics from Lookonchain disclose that the trader additionally got substantial profit with a former investment in $PEPE. With the expenditure of 0.125 $ETH, accounting for nearly $251, the respective trader bought 5.99T $PEPE tokens. At the peak of their value, the purchased tokens reached $100M.
The Trader Still Holds $19.9M in $PEPE
While moving forward, the trader sold up to 3.94T of the above-mentioned tokens for 2,614 $ETH. This figure equaled $5M worth that that time. As a result of this, the whale has 1.97T $PEPE tokens in remaining holdings with a value of approximately $19.9M. According to Lookonchain, these remarkable achievements by “dimethyltryptamine.eth” cement the trader’s legendary position in the overall crypto community.
