Features Crypto News by Thebittimes.Com

Blockchain tracking firm Lookonchain says a trader is reaping handsomely after making a bet on a social finance (SocialFi) crypto project built in the Solana (SOL) ecosystem. According to Lookonchain, a trader pseudonymously known as E4Rued has booked a profit of 34,500% on a stash of Launch Coin on Believe (LAUNCHCOIN) acquired less than a month ago. “28 days ago, E4Rued withdrew approximately $10,000 from Binance to buy LAUNCHCOIN before it surged. Then sold all LAUNCHCOIN for $3.46 million and deposited the funds back into Binance.” Source: Lookonchain/X Launchcoin is trading at $0.248 at time of writing, up by 71,164% from the April 22nd low of $0.000348. The blockchain tracking firm is also highlighting another trader who has recorded massive gains on the Solana-based SocialFi crypto project in a little over three weeks. “A trader made more than $4 million with only $8,191 in just 22 days — a 500x return! After more than four months of ...

Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE). “Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit. This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out 3.03 trillion PEPE for $27.5 million. He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profit to an incredible $73 million!” PEPE is trading for $0.00002317 at time of writing, down 15.8% in the last 24 hours. Lookonchain also recently noticed another crypto trader who gained a massive 38,399x return on a n...

A whale wallet has sold off nearly $100 million worth of Solana (SOL) this year, according to the crypto tracker Lookonchain. Lookonchain speculates that the unknown wallet could belong to an institution. The crypto tracker notes it has hawked an average of 19,306 SOL worth $2.76 million every week since the beginning of 2024. That totals 695,000 SOL worth $99.5 million for the year. The whale still has 1.88 million SOL worth $237.68 million staked, according to the Solana blockchain tracker Solscan.io. SOL is trading at $126.28 at time of writing. The fifth-ranked crypto asset by market cap is down 7% in the past 24 hours. Lookonchain also notes that a separate unknown whale wallet recently withdrew 1,100 Bitcoin (BTC) worth $64.26 million from a hot wallet associated with the top crypto exchange Binance. BTC is trading at $56,729 at time of writing, down nearly 5% on the day. The blockchain monitor also spotted an early investor in the decentralized finance...

The cryptocurrency market has been going through a tough period all throughout the year. The prolonged bear market has been pulled down by an array of unforeseen events. Even though several investors who entered during the last bull run are currently in the red, a handful of them made smart moves to stay in profit. You have probably heard of meme coins and their stories, including Shiba Inu turning a small investment into millions of dollars. Not all are this lucky, but those who got their hands on it early turned out to make millions from their smart investment. Lookonchain , an on-chain analyst, recently analyzed the transactions of a SHIB investor. The Analysis revealed that the smart investor turned a $2,200 investment into almost $23 million in just two years. Let us look at how the investor managed to make millions. 2. The SmartMoney bought 3.49T $SHIB at a cost of 2.37 $ETH ($2,233 at that time) via #Uniswap in 2020. He spent ~1.83 $ETH($1,967 at that time) to buy 2...