Recently, the cryptocurrency market continues to offer high returns to investors. This week, news emerged that two different investors made millions of dollars in a short time. These news reveal the appeal and potential of the cryptocurrency market. However, it should not be forgotten that this market also carries high risks. In this article, we will examine the stories of investors who have made millions of dollars by trading altcoins in recent days.
Altcoin investor increased from 2 thousand to half a million dollars
The cryptocurrency market continues to offer high returns to capital recently. Over the last few days, news has come to the fore that two different cryptocurrency investors have taken place around the world in a short period of time.
According to information shared by the on-chain analysis platform Lookonchain, a cryptocurrency investor increased his investment 755 times in 21 days. The investor, who made 1,848 transactions on an altcoin called NodeAI (GPU) on February 14, made a profit of $ 1.39 million thanks to the sudden rise in GPU. The investor converted the profit he made into cash by selling it in return.
He earned 80 thousand dollars in 11 hours
According to analyst ai_9684xtpa’s post on March 6, a LINK whale (large investor) transferred 51,000 LINK tokens to the Binance exchange 11 hours ago. The value of these tokens is approximately $1.06 million. If the investor sells all tokens, he will make a profit of 80 thousand dollars. The whale investor currently owns 450,000 LINK tokens (worth $8.29 million). The investor’s average purchase price is $18.98. Last night’s market correction caused a loss of 1.1 million in investor’s LINK assets. The investor’s 240 thousand rooms are currently dispersed.
There is also an investor who earned half a million dollars in 3 months
According to the same platform’s post on March 6, an investor who opened in the AXL token 3 months ago deposited 480,000 AXL tokens (approximately $1.02 million) to the Coinbase exchange. If the investor sells all tokens, he will make a profit of 566 thousand dollars. 480,000 tokens were transferred to this address at an average flight price of 0.95 between December 12, 2023 and January 14, 2024. AXL was listed on the Binance exchange on March 1 and its current price is $2.1365.
User invested with a new altcoin
In addition to the stories of the two investors mentioned above, it is also worth mentioning an investor who earned 1,694 SOL (about $224,000) with an investment of 1.57 SOL (about $205) in the last 3 days. This investor discovered a new altcoin called Boden 5 hours after it started trading. Converted 1.57 SOL to 13.84 million Boden. After 2 days, the price of Boden skyrocketed and the investor sold 12.84 million Boden for 1,696 SOL (about $224,000), making a profit of 1,080 times.
The investor still has 1 million Boden (about $15,000). This story shows how fast and big profits can be made in the cryptocurrency market. However, it should not be forgotten that such investments also carry very high risks. New and unknown altcoins like Boden can have high volatility and cause investors to lose their entire investment.
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