According to Lookonchain, an analytics platform, a pseudonymous person using the name Karo Von Trier made a $100 crypto- He earned $8.3 million from his investment. The trader used 0.1 ETH to invest in the Base cryptocurrency and within a week turned this crypto investment into $8.3 million.
Crypto Investment Earned $8.3 Million
On March 2, crypto trader Karo Von Trier posted on X about his mission to hunt Base, a cryptocurrency with a market cap of under $5k. He made his first transaction on Keyboard Cat (KEYCAT), a newly launched meme coin. He used his 0.1 ETH to buy 1.3 Billion KEYCAT tokens, 13.16% of the total supply, and sold 344.7 Million of them for 497 Ethereum worth over $1.75 Million.
In its next step, Base invested in NORMIE and NORMILIO. It was a total loss as it initially lost $10520 but it ended successfully.
It currently holds 971.2 Million KEYCAT tokens (9.71% of the total supply) worth $6.64 Million. As a result, the user earned $8.3 Million in just six days.
Lookonchain has all this information on its social media account X. shared. The post contains the history of all current trades and the user’s investment to make a profit of $8.3 Million.
2/ On March 27, @LarpVonTrier tweeted that he would be hunting for some #Base gems with an MCap of less than $5K.
NEWS CONTINUES BELOWThe first gem he bought was $KEYCAT(Keyboard Cat)!
At that time, $KEYCAT had been online for 2 days, and the MCap was only $2.2K. pic.twitter.com/olUim6rZ9i
— Lookonchain (@lookonchain) April 2, 2024
Similar Crazy Crypto Profit Events
Another time, a crypto trader was proven right on his crypto investment where he made a profit of nearly $123,000 when the BOME meme coin surged over 3000% in just a 24-hour span. The investor deposited just 50 Solana coins ($9,000) and converted it into 767 Solana.
Also, Elon Musk once helped a trader make a profit in just ten minutes. When Elon changed his X profile bio to Chief Trolling Officer (CTO). Realizing this, the trader instantly bought 9.37 Trillion TROLL tokens, which cost him 4.3 ETH, and sold them for 5,318 ETH.
Recently, an anonymous trader also managed to earn $3.1 Million in 12 minutes by investing in the SLERF token. Many similar events have occurred over the years where cryptocurrency has led to huge profits in such short intervals.
Not All Crypto Investments Are Profitable
Such events serve as examples for people to try their luck with newly launched cryptocurrencies and meme coins. But instead of making bigger profits like Karo’s crypto investment, they lose heavily.
One of these incidents involves the Milady Wif Hat (LADYF) meme coin, where the trader lost $46,000 within three minutes of the investment.
Conclusion
A right crypto investment can net a person a million in profits on the right days. But there are days when the investment can be a big loss. Investors should be aware of the necessary measurements and analysis before investing. They must know how to manage their portfolio.
