A savvy crypto trader recently executed a highly profitable cryptocurrency trade, making a significant gain within a few hours. By purchasing 3AC tokens at a strategic time, the trader demonstrated sharp market instincts, ultimately yielding substantial returns.
The tokens in question belong to Su Zhu and Kyle Davies and relate to their defunct company, Three Arrows Capital (3AC). The two suffered major setbacks in 2021, leading to bankruptcy, but the duo announced a revival of their new venture on X.
Crypto Trader Made $1.5 Million in Few Hours
Made 561 $ETH($1.5M) in just 7 hours! #3AC
This sniper spent 238 $ETH($641.5K) to snipe 28.03M $3AC the first time $3AC opened trading.
Then sold 24.95M $3AC for 799 $ETH($2.15M).
This guy made 561 $ETH($1.5M) and still holds 3.08M $3AC($369K).https://t.co/dxpwmsMXHM pic.twitter.com/RfEP3Nclvx
— Lookonchain (@lookonchain) September 28, 2024
Lookonchain revealed that the trader purchased 28.03 million 3AC tokens with 238 ETH, valued at $641,500. They soon sold 24.95 million tokens, gaining 799 ETH, worth $2.15 million. The trader still holds a portion of the original investment, with profits totaling 561 ETH ($1.5 million) within just seven hours. This impressive trade has garnered significant attention in the crypto community, highlighting the lucrative opportunities from the market’s volatility.
Machi Big Brother has invested 125 ETH, approximately $336.8K, to purchase 3.28 million $3AC tokens. The acquisition was made at an average price of $0.1028 per token.
In conclusion, the rapid profit the trader generates in just a few hours highlights the opportunities and risks present in the volatile crypto market. Three Arrows Capital (3AC) ‘s resurgence and new ventures have attracted considerable attention from investors whose strategic purchases demonstrate confidence in the firm’s revival.
Frequently Asked Questions (FAQs)
The trader capitalized on the surge of 3AC tokens, making $1.5 million in just a few hours due to rapid market movement, highlighting the opportunities in crypto trading.
The revival of Three Arrows Capital (3AC) sparked renewed investor interest, driving up the token’s value by 7,777%.
Machi Big Brother is a prominent cryptocurrency trader known for making significant trades, including the recent large purchase of 3AC tokens.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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