One Ethereum Impressively, the trader made a profit of nearly $166,000 in just two days by depositing just 0.26 ETH ($613). This remarkable success was achieved through strategic transactions involving DeFrogs (DEFROGS), a new cryptocurrency that has recently attracted market attention.
According to details shared by a blockchain analysis platform called Lookonchain, the investor initially invested 100 DEFROGS He started this profitable journey by investing 0.08 ETH ($190) to buy the token. This transaction was carried out despite gas fees of 0.178 ETH ($423), which were quite high at the time. The decision to fold early despite these significant costs highlights the investor’s confidence in the potential of his investment.
The strategy resulted in the Ethereum investor selling 60 of his DEFROGS tokens for a remarkable price of 27.8 ETH, equivalent to approximately $67,000. This sale not only recouped the initial investment and associated costs, but also generated a significant profit. As of the last update, the trader still owns 40 DEFROGS tokens worth around $100,000, bringing his total profit to around $166,000.
This trading success coincides with a significant increase in the value of DeFrogs (DEFROGS). The cryptocurrency has experienced a significant increase of 111.91% in the last 24 hours and is currently trading at $3,335 per token. This increase increased DEFROGS’ trading volume to $28.8 million and market cap to $34.27 million, highlighting the growing interest and confidence in this new digital asset.
DeFrogs is part of the evolving meme coin industry inspired by the Pepe (PEPE) crypto project. Launched on February 7, DEFROGS is launched as a token based on the new ERC-404 standard. This standard aims to offer a unique value proposition in the digital asset space by combining the features of cryptocurrencies with those of non-fungible tokens (NFTs).
This Ethereum investor success story is an indication of the potential rewards of strategic and informed trading in the volatile cryptocurrency market. It also emphasizes the importance of closely following emerging trends and technologies in the digital asset space, where innovative projects like DeFrogs can offer significant opportunities for growth and profit.
