SNEAK PEEK
- A SmartMoney investor has made $3.84 million by trading in the cryptocurrency market with the meme coin Shiba Inu (SHIB).
- The investor transferred these coins to Gate.io and KuCoin.
- The success of this investor highlights the potential of the cryptocurrency market and its significant profits.
The cryptocurrency market has been known to be volatile, but SmartMoney has proven to be incredibly profitable. This savvy investor has made a staggering $3.84 million trading in cryptocurrency, specifically with the famous meme coin Shiba Inu (SHIB).
1/ A SmartMoney that made ~$3.84M on $SHIB swapped some of his $SHIB positions for $PEPE!
This SmartMoney bought 325B $PEPE($700K currently) with 6B $SHIB($67K).
Very wise decision!
If you want to buy the next $SHIB and $PEPE, be sure to follow this address. pic.twitter.com/WOcWdHbNiw
— Lookonchain (@lookonchain) May 5, 2023
SmartMoney initially bought 133 billion SHIB in April 2021 for $224,000. They then transferred these coins to Gate.io on May 7th and 9th, and if they had sold these coins at the time of transfer, they would have made a profit of $1.13 million. However, they decided to hold onto their investment and wait for the right opportunity to sell.
SmartMoney continued to invest in SHIB, bought 49 billion more coins in July 2021 for $417,000, and then transferred them to Gate.io and KuCoin on October 28.
3/ This SmartMoney bought 49B $SHIB from https://t.co/Q1M8T0O4yl again on July 7, 2021 at a cost of $417K, then transfer to https://t.co/Q1M8T0O4yl and #KuCoin on October 28.
If he sold 49B $SHIB at the price of transfer would get $3.36M.
The profit is ~$2.94M. pic.twitter.com/X4Revc1lHa
— Lookonchain (@lookonchain) May 5, 2023
If they had sold these coins at the time of transfer, they would have made a profit of $3.36 million, a significant return on investment.
SmartMoney’s ability to spot profitable investment opportunities in cryptocurrency is impressive. The meme coin market has proven to be incredibly volatile, and investing in it requires a keen eye and a willingness to take risks.
However, this investor’s success demonstrates that significant returns on investment are possible with careful analysis and a bit of luck.
Overall, SmartMoney’s account highlights the potential of the cryptocurrency market and the significant profits that can be made with the right investment strategy.
It also shows the importance of diversification and the need to stay up-to-date with market trends to identify profitable investment opportunities.
