Initially, the trader purchased SNOW, a token based on the Ethereum blockchain, for 1.31 ether ($3,000). Just 19 hours later, on January 25, SNOW witnessed an astronomical surge of 900%. Seizing the opportunity, the trader swiftly sold their impressive stash of 72 trillion SNOW for a staggering $119,000. With a net profit of 52.09 ether (approximately $116,000), the trader still held onto 314.9 trillion coins, potentially enabling them to accrue an additional $535,000 in profit.
To put it simply, the trader managed to amass $651,000 in under 24 hours, resulting in a mind-blowing 220-fold return on their initial investment, as highlighted by Lookonchain experts.
Prior to this, Lookonchain had reported on another trader’s notable success. This individual earned a cool $1 million from their investment in TROLL tokens, which experienced a price surge following a tweet by the eccentric billionaire Elon Musk.
Additionally, in December, Lookonchain analysts observed an anonymous trader who cleverly utilized their 30 Solana tokens, generating a whopping $5.7 million in profit.