Crypto Trader Made $701.8K From 5K in Two Days As Token Surged 134X
With the introduction of new cryptocurrencies every other day, the market offers a great opportunity to take advantage of the initial hype of the launch. If an investment is made at the right time, the investors can make heavy profits like this one crypto trader did, who made $701K within two days in Ethervista.
The crypto investor, which goes by the username frenulum.eth has invested in the newly launched Ethereum-based tokens called Ethervista (VISTA) and bagged heavy gains despite the neutral market conditions.
Crypto Trader Mase $696K In Ethervista
Lookonchain, a popular analytics platform, has revealed the profiting incident of this trader, who invested just 2.5ETH, worth $5.1K, and turned that into 276.5 ETH, worth $701.8K, within two days.
The investor bought 52,822 $VISTA, described as the PumpFun of ETH. This Pump.fun-like platform has bagged instant success in the market since its launch on Sep. 1. And with the success of this platform, the crypto trader’s investment also turned successful as the token value surged 134X in two days.
frenulum.eth earned 274 $ETH($696.7K) by trading $VISTA in just 2 days, a 134x return!
frenulum.eth spent only 2.05 $ETH($5.1K) to buy 52,822 $VISTA and sold for 276.5 $ETH($701.8K).$VISTA was launched by @ethervista(described as the PumpFun of ETH).https://t.co/fpilXtFph8 pic.twitter.com/9uXJVMCyHh
— Lookonchain (@lookonchain) September 3, 2024
Meanwhile, Pump.fun is also maintaining a strong stand in the market with new token launches. More importantly, one TRON trader had made $ 7.4 million with an investment of $295 only on popular meme coins like SUNDOG and SUNCAT on the platform.
How VISTA is Performing Today?
VISTA is the newly launched deflationary token whose supply is capped to the 1 Million mark. Moreover, it has a burning mechanism along with the token buyback method, which limits its overall supply to boost the token price every single time.
As of now, the token has already burned more than 2.17% of the token supply and is currently trading at $17.49 with a market cap of $17.1M per DEX Screener. However, the token has moved significantly away from its all-time high of $28.80. Regardless, it is still in high demand as the trading volume is $52.1M.
After the success of the token in the market, the VISTA team has recently launched a public testnet. More importantly, the Testnet joiner will receive an allocation of the token with the gas needed during the wallet’s signature.
Final Thoughts
In the declining market conditions, the new crypto platforms and tokens are snatching the limelight as the investors bagg heavy gains with rising hype. The Lookonchain platform has revealed another crypto trader who has made millions in profits within two days of investment. This began with his investment of 5.1K into a newly launched token, Ethervista (VISTA), which boomed instantly in the market, surging 134X in value. It eventually made $701.8K to the crypto investor with an investment of just $5K.
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