A crypto analyst under the pseudonym Dami-Defi announced on Twitter that the book value of the anonymous trader’s crypto assets increased by almost 5000%, from $25,000 to $1.3 million in three days.
Dami-Defi says “genius trader, new whale” increased his fortune through early investment in REFUND tokens (RFD).
The project was launched May 19 and is associated in the community with the famous cryptoinvestor Blurr.eth.
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In his observations, Dami-Defi refers to the results of the analysis of the movement of funds of the cryptocurrency under study on the platforms Zerion, Bubblemaps and Dexscreener.
Factors considered included wallet assets, the initial purchase price of tokens, and gains and losses for each token.
The blogger reports that the corresponding transaction hashes provide verifiable proof and are available for viewing on Etherscan.
For example, the first RFD purchase occurred on May 20 at a purchase price of $0.00000084 per token.
On the afternoon of Wednesday, May 24, the RFD token is trading at $0.000067, according to CoinMarketcap.
No opinion has been formed in the cryptocommunity about the future usefulness of the RFD token and the advisability of investing in this asset.
Except for the release in the Internet space of a few laudatory materials advertising the profitability of the coin.
Market experts don’t see anything extraordinary in the growth of the asset’s value at the initial offering stage.
This only underscores the potential for strategic investment in the volatile but promising field of crypto-assets.
However, everyone agrees that such investments can have a high degree of risk.
Therefore, a thorough analysis of the asset as well as a deep understanding of the market is necessary for a successful investment.
Because in some cases, the rush and surge in value can be followed by an exit-scam.
Earlier, PeckShield warned the cryptocurrency community that a series of scams involving the launch of about 24 memtokens had occurred in the past ten days alone.