Crypto Investor Bags Almost $1 Million from Recent Memecoin Trade

A savvy trader recently executed a well-timed strategy, capitalizing on market fluctuations to secure a substantial profit.

A strategic trader recently profited handsomely by selling a portion of their SPX token holdings, earning $835,000 from the sale of 1.45 million tokens after the price fell by nearly 29%.

Despite this significant sale, the trader still maintains a strong position in SPX, holding over 1.6 million tokens.

The trader initially made a savvy investment in SPX back in September and early October, purchasing 3.068 million tokens for only $242,000 when prices ranged from $0.18 to $0.31.

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This early entry allowed them to capitalize on the token’s subsequent rise, securing a sixfold return on their initial investment.

After the price correction, they decided to liquidate part of their holdings, locking in a substantial profit.

Although the sale was lucrative, their total gains could have been even higher, with the peak value of their investment reaching up to $2.77 million when SPX prices briefly surged to $1.20.

Alexander Stefanov