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351x Return in Hours: Traders Made a Fortune With 2 Different ASTEROID Tokens

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The previous few days have seen the rise of quite a few altcoins, posting mind-blowing good points. Many of them had been among the many not-so-popular cohort, however rapidly attracted consideration following these rallies.

Two of them introduced immense outcomes for a few traders. Interestingly, they share the identical identify however completely different histories.

351x Return in Hours

One of them was reported by Lookonchain. The ‘success story’ got here from an entity that had spent simply 11 SOL (price roughly $960 on the time) to build up 158.51 million ASTEROID via three wallets. It’s price noting that that is a Solana-based altcoin, which had simply seen the sunshine of day.

Further on-chain information exhibits that the entity bought nearly 135 million ASTEROID tokens for $135,000 price of SOL and nonetheless held 23.76 million cash on the time of the put up. In whole, this resulted in a 351x return in the span of lower than 120 minutes.

Data from GeckoTerminal exhibits that the probably vendor who took benefit of the worth run was a developer. Most feedback beneath Lookonchain’s report supported this narrative, with one saying that such returns are normally a “distribution occasion sporting a success-story costume.” Another one alleged that this was doubtless the proprietor of the coin that wanted extra money and sucked in retail traders with a “sensible transfer whereas the market appears bullish.”

Ethereum-Based Wins

There’s a little bit of confusion in the cryptocurrency neighborhood, given the existence of identically named tokens on completely different chains. However, Arkham famous that one other dealer made a fortune of their very own utilizing the ASTEROID coin constructed on Ethereum.

They purchased ASTEROID for 1 ETH after seeing Elon Musk’s tweet about it, and their place skyrocketed to nearly $475,000 at its peak. Another one purchased $1,160 price of the altcoin and bought on the best way up, producing $210,000 of revenue. A 3rd holder now sits on $370,000 after shopping for ASTEROID when it was created in September 2024 for $21,400.

The put up 351x Return in Hours: Traders Made a Fortune With 2 Different ASTEROID Tokens appeared first on CryptoPotato.

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