It’s a Christmas miracle indeed. A crypto trader turned the recent Solana gains into whopping $2,000,000 profit after starting with just $92.
Let’s take a look at the trades for some Solana to alt-coin inspiration.
Solana to SILLY
Starting with only 1.5 $SOL($92), this trader made $2M in 22 days, a gain of 21,715x!😱
This trader spotted $SILLY 5 minutes after it opened trading and spent 1 $SOL ($62) to buy 43.1M $SILLY.
Then he sold 33.34M $SILLY for $528K, and currently has 9.76M $SILLY($1.5M) left,… pic.twitter.com/ByY1Tpupah
— Lookonchain (@lookonchain) December 27, 2023
His trading spree started off with a bang.
He took one SOL (when it was trading for $62) and flipped it into 43.1M $SILLY.
Just reading that sounds silly. But he was laughing straight to the bank after selling roughly 33M $SILLY for $528,000.
His remaining SILLY holdings then accumulated another $1.2M+ of profit (which has gone down slightly at the time of writing this).
This massive trade is notable because of the recent rise in alt-coins.
Altcoins just broke out after ranging for nearly two years
The mania is just getting started pic.twitter.com/cfJkJiItLo
— Teddy (@TeddyCleps) December 24, 2023
If you’re reading about crypto on X like us, your feed is probably littered with people shilling the next ‘BONK’.
Can a trade like this be replicated?
See related: Our Solana 2030 Price Prediction
Perhaps if you’re constantly tracking altcoins with potential like we do at InvestingHaven.
But people in the X thread comment section have been quick to point out that this trader may have been a dev with ties to the project.
Either way, the gains are astonishing.
The rapid rebirth and rise of alt-coins has everyone searching for the next 10-bagger, or in this case 21x bagger.
A more realistic trade
We preach conviction and research on trades whether it’s stocks, precious metals or crypto.
While everyone seems to be chasing the next alt-coin to pop, we have a slightly longer time horizon for investments and trades.
This crypto trader executed a more realistic trade from his strong convictions.
In 3.6 years, this early $AAVE buyer turned $500K into $13M, making $12.5M(25x)!
He sold $30,000 $AAVE($3.01M) via #Cumberland to take profits 6 hrs ago and has 100K $AAVE($10M) left.
He spent 500K $USDC to buy 12.5M $LEND at $0.04 on May 6, 2020 (migrated to 12,500 $AAVE). pic.twitter.com/vd80wLHIIO
— Lookonchain (@lookonchain) December 27, 2023
Being an early buyer on a strong blockchain project could have serious upside.
In this example we can see that it took around three and a half years for his early AAVE investment to pay massive gains.
With strong belief in AAVE, the investor put $500,000 into it in 2020.
A few years later — he took profits of nearly $12,500,000.
Divide that by three and you get a lofty annual salary.
Summary
As we can see from the two profitable crypto trading examples, you can either start small and get lucky on an alt-coin.
Or you can start big ($500,000) and stay true to your convictions about a project.
Each of these examples shows the power of the latest bull run in crypto.
Disclaimer: this is not financial advice. We like to provide market research, track big trades and educate others on the latest trends in crypto.
