A crypto trader multiplied their initial investment by fifty times in just a month and a half, leveraging a single Solana-based cryptocurrency, NEIRO. At the end of this trade, the savvy investor’s wallet grew to a staggering $2.69 million.
According to Etherscan data, this windfall occurred after transferring a massive 1.47 billion NEIRO to the popular cryptocurrency exchange, Binance.
The First Neiro on Ethereum, NEIRO, has emerged as a standout performer in cryptocurrency since September 16. This surge followed an erroneous association with another meme coin during its Binance listing. NEIRO has soared by 40,318.44% in the past year, catapulting its popularity among investors. The excitement around NEIRO has triggered a wave of new meme coins. Since the 2023 rally, meme coins have become a favorite among investors, often sparking significant market excitement.
Crypto Trader Turns $56K to $2.69M in 50 Days
Between July 28 and September 16, the said crypto trader strategically purchased 1.47 billion NEIRO, spending a total of 23.4 ETH, equivalent to approximately $56.8k. The average acquisition cost per NEIRO was just $0.0000385.
Today’s market maneuvers find him in an enviable position, poised to secure a profit of $2.63 million, effectively multiplying his initial stake by 47 times. This sale highlights his trading acumen and underscores the potential volatility and profitability within the niche meme coin market, making NEIRO a noteworthy mention in trading circles.
First Neiro on Ethereum price soared by more than 18% today and 3152% in the past month, capturing significant attention. Over the past 24-hours, the NEIRO price hit an ATH of $0.001872 after the bullish market. At the time of writing, the NEIRO price is trading at $0.001732 during the U.S. time zone.
The rapid ascent of NEIRO highlights the volatile meme coin market. Astute investors can find lucrative opportunities. These crypto traders exemplify the potential for significant gains in this high-risk, high-reward environment.
Another Crypto Trader Turns $640K to $2.15M
This massive profitability is not a one-off; other investors have also managed to pull off massive gains like the one mentioned above. A savvy crypto trader recently executed a highly profitable cryptocurrency trade, making a significant gain within a few hours. By strategically purchasing 3AC tokens, the trader demonstrated sharp market instincts, yielding substantial returns.
A crypto trader recently capitalized on a strategic opportunity by investing in 3AC tokens. On September 28th, the trader acquired 28.03 million 3AC tokens for a total of 238 ETH, equating to approximately $641,500. Shortly after the purchase, they offloaded 24.95 million tokens.
This sale brought in 799 ETH, now valued at $2.15 million. The trader retains a portion of their initial tokens. This remaining investment represents a profit of 561 ETH, or about $1.5 million. This move showcases their savvy in navigating the volatile crypto market.
Frequently Asked Questions (FAQs)
The trader initially invested approximately $56,000 (23.4 ETH) in NEIRO.
The trader’s portfolio increased from $56,000 to $2.69 million, a 50x increase, within 50 days.
NEIRO recently reached an all-time high (ATH) of $0.001872.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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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