The crypto market is filled with volatile, but a few newly launched cryptocurrencies have become the trading savior these days. BUBB, a freshly launched token, is one of these trading saviors as its price has surged multiple folds, resulting in a crypto trader turning $304 into $482K. How exactly did this happen? Let’s discuss.
Cryptocurrency Trading News: Crypto Trader Made 1,586x return
An anonymous crypto trader spent barely $304 and turned that into $482k, making a staggering 1,586x return. According to Lookonchain’s X post, the individual jumped into the cryptocurrency opportunity when the token barely valued anything due to its recent launch.
The trader spent $304 to buy $43.94M BUBB. Interestingly, the BUBB price surged 150,000% soon after that, resulting in the token’s worth growing to $482K. Out of these millions of tokens, the crypto investor only sold 28.9M ($122k), leaving the rest 15.64M BUBB, equivalent to $360k per post, in anticipation of further growth.
Overall, the trader has achieved 1,586x returns. Interestingly, the trader still holds 15.64M tokens. Additionally, the BUBB is among the top cryptos today, so the return may increase.
Inside Crypto Trader’s Portfolio
The portfolio statistics reveal that the trader has a win rate of 50%, implying that half of the bets made profits while the other resulted in losses. In addition, the last 7 days realized PnL is nearly $3.5k, with the total PnL exceeding $59k.
With 1,586x returns, it is understandable that the crypto investor has decent trading skills and experience. Examining the portfolio reveals the trader’s high cryptocurrency trading activity, as there have been 152 transactions in the last seven days alone.
The trader has another wallet carrying $417K in unrealized profits. Interestingly, this is also due to the BUBB token holdings.
BUBB Price Bullish Momentum Continues, What’s Next?
Although the aforementioned crypto trader bought the token at an average price of $0.0000069 and sold it at $0.00432, the token has moved way past this level. According to Coingecko, the BUBB token currently trades at $0.02449, with a nearly 500% surge in the last 24 hours.
Additionally, its market capitalization is at $23,668,094, and its trading volume is at $49,334,025, which is relatively high. This reveals that there’s high demand among investors.
Interestingly, amid this demand, the BUBB price surged 800%. It went from $0.0027 to $0.026 within fear hours earlier in the day. The continuity of the trend and demand could result in further gains. However, there’s also high volatility amid the crypto market uncertainty, creating the need for caution.
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