Crypto Investor Reaps 28,900% Profit in Less Than a Year

A notable investor has gained attention by realizing a remarkable profit of 289 times on SPX tokens, associated with the Solana network.

This investor had previously acquired 19.15 million SPX tokens earlier this year and has recently begun selling them after transferring to Ethereum, reaping nearly $14 million in gains.

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According to Lookonchain, a prominent blockchain analytics firm, the whale made its purchases between January 29 and March 21, 2024, spending approximately $48,400 on the 19.15 million SPX tokens.

A whale with 19.15M $SPX($15.7M) is selling $SPX to realize profits.

His profit on $SPX is ~$14M, a 289x return!

He spent $48.4K to buy 19.15M $SPX on #Solana between Jan 29 and Mar 21.

He then bridged all 19.15M $SPX to #Ethereum and started selling $SPX on Oct 3.

So far, he… pic.twitter.com/zLwus8gcuU

— Lookonchain (@lookonchain) October 12, 2024

Now, in October, this investor is cashing in on substantial profits as the tokens have seen significant appreciation, resulting in an extraordinary 289-fold increase in their investment, amounting to around $14 million.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.