Trader turned 0.1 ETH into $8.39 million in small cap tokens
Date: 2024-04-03 Author: Henry Casey Categories: BLOCKCHAIN
A trader named Larp Von Trier became the object of attention of Lookonchain analysts after he managed to increase his investments in small-cap tokens by 23,770 times in six days.
Hunting for promising coins.
Earlier, Larp Von Trier announced the search for potentially promising coins on the Coinbase exchange platform. On March 27, he invested 0.1 ETH ($353) into 1.3 billion KEYCAT tokens, which was 13.16% of the total token supply. At that time, the capitalization of this token was only $2,200.
Capital increase
After acquiring KEYCAT tokens, Larp Von Trier sold 344.7 million of them for 497 ETH ($1.75 million). Now there are 971.2 million KEYCAT left in his wallets, which is 9.71% of the total, but their value has increased to $6.64 million.
Despite the impressive success, not all of the trader's transactions were successful. Previously, he purchased NORMIE and NORMILIO tokens, but lost $820 (-23%) and $9,700 (-84%) on them, respectively.
Larp Von Trier's achievements are admirable and yet another example of how quick and smart decisions can lead to significant capital gains in the world of cryptocurrency investing.
