A small crypto trader who used to trade with a bankroll not bigger than $5,000 was able to make over $300,000 profit in just a few days by trading a few small-cap cryptocurrencies that went through high volatility in a short period of time.
According to previous on-chain data, the address used to trade with around $3,000 to $5,000. In 19 days, its balance went to as high as $362,000, then back to $275,000, with some right and wrong picks.
This story was first told by the pseudonymous account dealer.eth (@dealerdefi), on X (formerly Twitter), on September 17, and this is how the anonymous trader was able to accomplish it.
FINE 1-month price chart. Source: CoinMarketCap
The address made five purchases on the second day of the token’s listing. This finding was able to give the trader a profit almost as high as the token’s total market capitalization, with a positive outcome of $148,000 being added to the trader’s bankroll.
As reported by dealer.eth:
The trader bought: ~6 billion FINETotal PNL: ~$148,663Total purchase price: ~$29,787In a winning streak, the second biggest profit came from trading a meme coin called Real Smurf Cat, which is not even listed in known crypto indexes such as CoinGecko and CoinMarketCap, at the time of publication. The crypto trader profited over $52,000 after buying a little less than $19,000 of it.
Trading low market cap and low liquidity tokens involves higher risks than trading more consolidated digital assets, with real chances of losing everything in just a few minutes, and is not recommended to most investors.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
