TRUMP Token Trader Earns $6.95M Profit with Smart Timing
- 0xSunNFT swapped $652K for 1M TRUMP tokens, realizing a $6.95M profit from a 10.7x ROI.
- The trader still holds 40K TRUMP tokens, worth around $940K, anticipating further gains.
- TRUMP token’s volatility shows crypto’s profit potential and risk management needs.
The Data Nerd, an analytical platform, pointed out a significant trading triumph that occurred on Saturday. The 0xSunNFT trader generated good profits from the TRUMP token. The user exchanged $652,000 for one million TRUMP tokens with an average entry price of $0.65. This signaled the start of a big push in the crypto market as many coins started to rise in value.
Significant Profit from TRUMP
$6.95M earned from TRUMP tokenAfter getting the TRUMP tokens, 0xSunNFT sold 960,000 TRUMP tokens for $7.6 million, making a profit of $6.95 million and an ROI of 10.7 times the initial investment. This amount of profit has attracted the crypto community’s attention and shows how profitable timed operations can be.
This is not the end for the trader, as he continues to experience more success. According to the last update, 0xSunNFT still has 40,000 TRUMP tokens worth about $940,000. This means that the trader still believes in the token and is hopeful of the next price rise of this investment portion.
The transaction shows the fluctuation and possibilities of investing in the cryptocurrency market. Though making great profits is possible, traders must also be careful because the market is volatile. Those in and out of positions at the right time can earn the most profit.
Related: Bitcoin Spikes to $100K as Trump’s Inauguration Approaches
This success is an example of what can happen in a well-executed trade. Nevertheless, these tokens are very volatile and, therefore, need to be well managed in terms of risk. New entrants should anticipate the profits that are to be made and the associated risks.
In the report, Data Nerd captures the effects of new tokens, such as TRUMP, on the crypto market. In the future, traders like this may shift their focus to other similar assets. Only time will tell if the TRUMP token could continue to climb, but it has certainly piqued the interest of many recently.
The post TRUMP Token Trader Earns $6.95M Profit with Smart Timing appeared first on Cryptotale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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