In an extraordinary crypto trade, a smart money wallet, stupidmoney.sol, cleared an astonishing profit of $2.45 million after flipping 15.15 million GOAT tokens.
The trader spent a mere $727 five days ago and saw a mind-boggling return rate of 3,375 times on the initial investment.
聪明钱 stupidmoney.sol 五小时前清仓 1515 万枚 GOAT，仅花费 727 美金获利 245 万美金，五天回报率高达 3375 倍！😵
他在 10.11 以均价 $0.00004797 买入代币，转移地址后从昨天起分批卖出，卖出均价 $0.162
哥，你这操作显得我们很 Stupid 啊…钱包地址 https://t.co/dtgvex1agl pic.twitter.com/vpZyhJ36NE
— Ai 姨 (@ai_9684xtpa) October 16, 2024
On October 11, the trader purchased 15.15 million GOAT tokens at an average price of $0.00004797. After transferring the funds to another address, the tokens were sold in batches starting yesterday at an average price of $0.162, securing the massive profits.
Trader Makes Grave Mistake Selling $GOAT Holding In Loss
What’s even more remarkable is that just five days ago, the same trader had sold 19.72 million GOAT tokens for only $1.1K, a batch now worth over $5 million. He initially bought those 19.72 million tokens for 40 SOL, or $5.5K, only to sell them at a steep loss of 80%, getting back just 7.87 SOL ($1.1K). The decision to exit early, fearing the price might drop to zero, cost him a potential fortune.
The 19.72M $GOAT this guy sold for $1.1K 5 days ago is worth over $5M today!
He spent 40 $SOL($5.5K) to buy 19.72M $GOAT.
After the price dropped, he was worried it would go to zero, so he sold all for only 7.87 $SOL($1.1K), losing $4.4K(-80%).
Just 5 days later, the 19.72M… pic.twitter.com/T29fyWjvWN
— Lookonchain (@lookonchain) October 16, 2024
In an ironic twist, just five days after this loss, the value of the same 19.72 million GOAT tokens skyrocketed to more than $5 million.
This remarkable turnaround highlights the unpredictable nature of cryptocurrency markets. While the trader recovered with a staggering profit on his latest GOAT trade, the earlier loss demonstrates the volatility and timing challenges that can make or break fortunes in the space. For others watching the market, it serves as a reminder of both the risks and rewards that come with crypto trading.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/smart-money-trader-nets-2-45m-profit-on-goat-token-after-3375x-return/