Ethereum Whale Earns Thousands of Dollars With This Altcoin: Will The Rising Continue!

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An unnamed investor strikingly demonstrating his trading prowess has made an impressive $688,000 profit in less than two days with a strategic crypto maneuver. With a keen eye for opportunities, the crypto expert took advantage of a significant market move. Ethereum (ETH) won.

Lookonchain, a leading blockchain surveillance resource, today announced a tweetHe stressed the development. The platform revealed that the trader started his venture by allocating 55 ETH equivalent to $100,000 to purchase 20.7 billion RefundCoin (RFD), a recently introduced Ethereum-based meme coin.

The RFD purchase was made yesterday, May 21. Crypto benefiting from the volatile nature of the market, the unknown investor today RFD He made a well-timed move by selling his holdings. The sale delivered a staggering return of 435 ETH worth $788,000. This marked an impressive 690% in returns.

This carefully executed transaction has received mixed reactions from the broad crypto community. Some considered it a classic example of high-risk, high-reward trading. However, others believe it could be a case of insider trading involving RFD.

Notably, the recently released asset by prominent ETH whale blurr.eth has gained up to 85.5% in the last 24 hours, making it one of the most appreciated assets in its time frame. RFD’s pump kicked off earlier today when it rose almost 1,000%.

The asset has attracted great interest from investors who are actively looking to capitalize on its run. PEPEThe surprising success of . This has led to the proliferation of meme coins in the market.

However, investors are advised to be cautious when making trading decisions, as these assets pose high risk due to their nascent nature and unknown tokenomics.

Source : The Crypto Basic


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