A Year-Awaiting Crypto Wallet Has Sold All Of These Altcoins And Made A Lot Of Profit!

One Rocket Pool (RPL) altcoin owner, decentralized Ethereum He sold his staking tokens on the staking pool platform for $ 270 thousand for a year.

The token holder, who does not reveal his identity, cryptocurrency He said he bought 5.5 thousand RPL tokens at $17 each in May 2022, when the market was down.

He then staked these tokens in Rocket Pool, a protocol that allows users to stake ETH with lower financial and hardware requirements than staking alone.

The token holder said that he sold each of the RPL tokens for $49 on May 16, 2023, making a 3x profit ($150k) from his initial investment.

What is Rocket Pool (RPL) Altcoin?

Rocket Pool is a decentralized Ethereum staking protocol that allows anyone to participate in Ethereum staking regardless of their ETH balance.

Rocket Pool achieves this by dividing the staking process into three roles:

• Validators: Validators are responsible for running Ethereum nodes and validating blocks. To become a validator, you must deposit at least 16 ETH and deposit 16 RPL.
• Nominators: Nominators are responsible for choosing validators and handing over their ETH to them. To nominate a validator, you must deposit at least 1 ETH.
• Bonders: Bonders provide liquidity to the Rocket Pool protocol by locking RPL. Connectors earn a commission from the staking rewards generated by the protocol.

Rocket Pool uses a native token called RPL to secure the network and encourage participation. RPL is used to pay node registration, bond fees, and slashing penalties. RPL holders also receive a share of protocol fees.

*Not investment advice.