In a remarkable turn of events, a trader has seized a rare trading opportunity, reaping significant gains with the emerging cryptocurrency, SORA.
According to insights shared by LookOnChain, the trader entered the market ahead of the curve, acquiring a substantial 16 million SORA tokens before the influx of other buyers, facilitated by a nominal transaction fee.
Within a remarkably short span of 18 hours, the trader orchestrated an impressive feat, realizing profits amounting to $152,000 with just 0.07 ETH (equivalent to $198) invested in SORA.
This astounding gain represents a staggering 770x return on investment, underscoring the trader’s adeptness in seizing the opportune moment and capitalizing on the nascent cryptocurrency’s potential.
In just 18 hours, this trader made $152K with only 0.07 $ETH($198) on $SORA, a gain of 770x!😱
This trader paid a tip of only 0.01 $ETH and successfully sniped the token $SORA first.
He spent a total of 0.07 $ETH($198) to buy 16M $SORA and sold 12.23M $SORA for 39 $ETH($110K),… pic.twitter.com/gHmxvuW404
— Lookonchain (@lookonchain) February 16, 2024
The trader’s strategic approach involved acquiring 16 million SORA tokens at minimal expense, effectively being the first to secure the asset before its value surged in response to market dynamics.
Trader Sells Off A Portion Of SORA Tokens, Making 39 ETH
Subsequently, the trader strategically sold a portion of the acquired SORA tokens, amounting to 12.23 million units, for 39 ETH, equivalent to approximately $110,000. With 3.77 million SORA tokens still held, valued at $42,000, the trader’s total profit stands at a commendable $152,000.
Notably, the meteoric rise of SORA has been nothing short of impressive, with the cryptocurrency surging over 44% in value within the past 24 hours alone.
This significant surge in price further validates the trader’s timely entry into the market and astute decision-making, resulting in substantial financial gains within a relatively short timeframe.
The trader’s success story serves as a testament to the potential profitability inherent in the cryptocurrency market, underscored by diligent research, strategic execution, and a keen eye for emerging trends.
As SORA continues to garner attention and demonstrate its market potential, traders and investors alike remain poised to capitalize on future opportunities within the dynamic cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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