Inastunningtradingachievement,ananonymouscryptotraderinvested$1,795togenerateamassive$873,000within2days.AsperLookonchain,apopularon-chainanalyticsplatform,thetraderleveragedthe$BANtokentocarryoutthesetimelytrades,resultinginahuge490xreturn.Theanalyticsprovidertooktosocialmediatodiscussthiseventindetail.
Thisguyturned$1,795into$873Kinjust2days—a490xreturn!
Everyonecouldlearnfromthistrader’ssellingstrategy:insteadofpanicsellingeverythingatonce,hegraduallysoldportionsaftereachsurgetoavoidmissingtherally.
Heinitiallyspent10.2$SOL($1,795)…pic.twitter.com/bk9YjKfCmD
—Lookonchain(@lookonchain)October27,2024
CryptoTraderSells$1,795in$BantoMake$873,000
Lookonchaindisclosedthatthedisciplinedsellingstrategyofthetraderledtoaremarkable$873,000fromjust$1,795.Thisdevelopmenthighlightsthepotentialofthevolatilecryptoworldwherepriceswildlyfluctuateinmoments.Ratherthansellingofftheholdingsthereoffollowingtheearlypricesurge,thetraderutilizedastrategy.Thus,thetradersoldtheholdingsinportions.Thiscapturedprofitsthroughoutseveralpricespikeswithoutlosingpotentialgains.
Theinitialinvestmenttookintoaccount10.2$SOLtokenswithaworthofupto$1,795.Thetraderutilizedthesetokenstobuy36.27M$BAN.Justafterthismove,thepriceofthe$BANtokenjumped.Onthis,thetradersoldupto12Mtokens,earning$56,900.Irrespectiveoftheinitialprofit,thevalueof$BANsharplyplungedbyalmost90%.Thoughseveraltradersmighthaveliquidatedtheremainingholdingsoutofapanic,thistraderremainedcalm.Therespectivecrucialpatiencelevelservedasanessentialfactorforhissuccess.
TheTraderAvoidsPanicSellingbyGraduallyOffloadingtheHoldingstoEnsureMassiveProfits
Inthisrespect,thetraderkeptholdinghistokensduringthedownturn.Followingthat,whenanotherkeypricerallyoccurred,hestartedoffloadinggradualamountsafterthepricespikes.Hence,thetraderoptimizedhisprofitswithoutcompletelyleavingthepositionquiteearly.Withthesesubsequentjumps,heeffectivelysold6.13Mextra$Bancoinsforapproximately$80,700.Currently,thetraderisleftwith18.13Mtokens,equaling$734,000.
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