A small crypto trader who used to trade with a bankroll not bigger than $5,000 was able to make over $300,000 profit in just a few days by trading a few small-cap cryptocurrencies that went through high volatility in a short period of time.
According to previous on-chain data, the address used to trade with around $3,000 to $5,000. In 19 days, its balance went to as high as $362,000, then back to $275,000, with some right and wrong picks.
This story was first told by the pseudonymous account dealer.eth (@dealerdefi), on X (formerly Twitter), on September 17, and this is how the anonymous trader was able to accomplish it.
Most profitable trades by this small crypto trader
Notably, the highest profits came from a trade with Refinable (FINE), a $160,000 market cap token, according to CoinMarketCap.
The address made five purchases on the second day of the token’s listing. This finding was able to give the trader a profit almost as high as the token’s total market capitalization, with a positive outcome of $148,000 being added to the trader’s bankroll.
As reported by dealer.eth:
- The trader bought: ~6 billion FINE
- Total PNL: ~$148,663
- Total purchase price: ~$29,787
In a winning streak, the second biggest profit came from trading a meme coin called Real Smurf Cat, which is not even listed in known crypto indexes such as CoinGecko and CoinMarketCap, at the time of publication. The crypto trader profited over $52,000 after buying a little less than $19,000 of it.
Trading low market cap and low liquidity tokens involves higher risks than trading more consolidated digital assets, with real chances of losing everything in just a few minutes, and is not recommended to most investors.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/this-small-crypto-trader-made-over-300000-in-19-days/