A “lucky” trader bought a new Dogecoin (DOGE) and Shiba Inu (SHIB) stands out for making huge profits in just one month by trading its rival.
According to Lookonchain, the trader made a profit of approximately $2.5 million by buying and selling Grok (GROK), a token inspired by but unrelated to Grok AI, a chatbot service on Elon Musk’s social media platform X. It gained 6.102%.
This investor earned $2.5 million (+6.102%) from GROK in one month. Let’s see how he did it.”
Lookonchain says the trader made well-timed Grok purchases and then sold some of the holdings on crypto exchange Gate.io as the meme coin rose in value. At the time of writing, the trader still had approximately 70 million Grok in his possession.
This trader was very lucky. He caught Grok three minutes after the trade opened and purchased a large amount of Grok at a very low price. He made 140x profit in less than 12 hours and then bought more Grok.
When Grok (crypto exchange) was listed on Gate.io, he started depositing Grok on Gate.io to sell for profit.
NEWS CONTINUES BELOWThis trader spent 21.24 ETH ($42,000) to buy 154.7 million Grok. He then sold 11.88 million Grok on the DEX for 18.44 ETH ($37,000) and deposited 72.96 million Grok ($1.38 million) on Gate.io.
“He currently holds Grok 69.87 million ($1.16 million) and has made a total profit of $2.5 million.”
Koinfinans.com As we reported, Grok is trading at $0.0165 at press time, up slightly over the last 24 hours.