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Although trading in little-known cryptocurrencies is extremely risky, it can be quite profitable in some cases. A crypto investor managed to increase his $3,000 investment to over $650,000 in 19 hours, thanks to a low-liquidity crypto.
The data tracking platform called Lookonchain shared this successful investment story on X. This investor initially spent only 1.3 ETH and purchased 387 trillion SNOW tokens. This amount accounted for 44 percent of the entire SNOW supply. After a while, the whale sold 72 trillion SNOW tokens and obtained 53.4 ETH. The whale’s profit here was around 120 thousand dollars.
In just 19 hours, this trader made $651K with less than $3K on $SNOWa gain of 220x!😱
NEWS CONTINUES BELOWHe spent 1.31 $ETH($2,931) to buy 386.94T $SNOW(43.5% of the total supply) and sold 72T $SNOW for 53.4 $ETH($119K), realizing a profit of 52.09 $ETH($116K).
He currently holds 314.9T… pic.twitter.com/hh8ORItZFB
NEWS CONTINUES BELOW— Lookonchain (@lookonchain) January 25, 2024
Since then, the investor has sold more SNOW tokens while adding liquidity to Uniswap’s (UNI) pool. This anonymous whale still holds a large amount of SNOW tokens ready to be sold.
Snowman (SNOW) is a low-liquidity and low-cost ERC-20 token traded exclusively on Uniswap. There is no information about the token on the exchange. This shows that it is a completely speculative meme coin. It is unclear whether this investment is a strategic investment by a lucky whale or a questionable transaction within the company. However, this represents an example of the high volatility of tokens with low liquidity.
It is important to know that these trades do not have a happy ending in some cases. Investors may struggle to make meaningful profits in an environment of low liquidity. Volatility can change rapidly, causing huge losses and investor bankruptcy.
As a result, the unpredictable and exciting nature of the crypto market has enabled an investor to make 220x gains in a very short time. eTukTuk, a new pre-sale coin, also claims to offer unique gains in the cryptocurrency world and be a promising alternative. Purchasing eTukTuk tokens has become an option for investors on trend lists despite fluctuating market movements. Let’s examine the details of this project.
eTukTuk (TUK) – New Presale Coin Known for Its Eco-Friendly Practices
To find out the secret of why eTukTuk is trending, we can map out all the features of the platform. However, before this, it is necessary to conduct an electric vehicle (EV) market analysis. Because eTukTuk aims to completely transform this market.
It is known that the vehicle sector is the sector with the largest share in the world’s increasing carbon dioxide emissions. Electric vehicles that undertake the fight against climate change come into play at this point. Electric vehicles are efficient vehicles that can greatly reduce air pollution. However, it is still not as accessible and affordable as desired. There is also a fear that those living in developing countries will not have access to these tools.
eTukTuk comes into play at this point and tries to produce green transportation solutions. Its strategic approach aims to eliminate technological and financial barriers to widespread adoption of electric vehicles. Equipped with blockchain and artificial intelligence, this solution is ready to serve the public transportation sector prevalent in emerging economies. Purchasing eTukTuk token means supporting this project, which aims to change the transportation and vehicle industry.
Although the project is quite new on the market, development work has been ongoing for five years. Over the years, the team designed their electric TukTuk and worked extensively on the underlying infrastructure that supports the system.
TukTuks are electric, three-wheeled vehicles. The economic impacts of the project are based on the fact that investment, operation and maintenance costs are significantly lower than other vehicles. Drivers also have the potential to increase their income by using eTukTuk.
eTukTuk Project Benefits from Artificial Intelligence
Since the cleverly designed eTukTuk is an electric vehicle, initial investment costs are relatively low. The team states that it only needs 200 parts for domestic production. Of course, there are other benefits for drivers to choose eTukTuk. Artificial intelligence comes first among these.
- Effective control with artificial intelligence: Thanks to artificial intelligence, fuel consumption decreases. It prevents getting stuck in traffic congestion by choosing the most suitable routes.
- Predictive maintenance: This artificial intelligence feature extends the life of vehicles. It prevents malfunctions by reducing resource waste and allowing timely intervention.
- Safety and longevity: The robust design of eTukTuk can greatly improve the safety of passengers. Long-lasting LFP batteries are known as the structures responsible for the long life of the vehicle.
Purchasing eTukTuk tokens offers the above benefits as well as the option of staking. Power Stakers, who stake native TUK tokens in exchange for passive rewards, play an important role in the ecosystem. The network of charging stations is established and controlled by organizations called Regional Partners, and their rewards are paid with TUK tokens. These rewards come from eTukTuk drivers who pay with TUK tokens for electric charging.
In addition, the ecosystem provides drivers with a smooth entry by offering smart charging and payment infrastructure. Blockchain helps control the peer-to-peer payment system and the network of charging stations.
Click to review eTukTuk token.