Crypto Investor Makes Over $8 Million Profit from Altcoin Investment
13.11.2024 8:00 1 min. read Kosta Gushterov
Some cryptocurrency investors are making huge profits at the moment with prices rising across the board.
A long-term investor in PENDLE recently saw a massive return on their investment, turning $1.2 million into an impressive $9.36 million.
This remarkable gain came after nearly a year of holding the asset, demonstrating the power of patience in the volatile cryptocurrency market.
According to Spot on Chain, the investor purchased 1.595 million PENDLE tokens between July 29 and November 11, 2023, at an average price of $0.752. Over the course of the year, PENDLE’s price surged by 400%, dramatically increasing the value of the initial investment.
At the peak, the investor sold 1.295 million of the tokens for $7.61 million, locking in a profit of $7.16 million. They still retained 300,000 PENDLE, which at current prices is worth around $1.7 million.
Overall, the investor saw a return of 680%, equating to a profit of $8.16 million from their strategic investment in PENDLE.
-
1
Altcoin Market Poised for Turbulence as Key Support Levels Flash Signals
16.06.2025 21:00 2 min. read -
2
This Solana Memecoin Poised for Breakout, Says Analyst
20.06.2025 8:00 1 min. read -
3
Ethereum ETFs See First Outflows After Record Inflow Streak
14.06.2025 15:00 1 min. read -
4
Solana ETF Push Gains Momentum After Flurry of S-1 Updates
14.06.2025 21:00 1 min. read -
5
Pi Coin Eyes Potential Reversal After 70% Slide, Chart Pattern and Upcoming Event Hint at Rebound
24.06.2025 11:00 2 min. read
LINK Stuck Below $15 as Whales Accumulate and Retail Stalls, CryptoQuant Reports
According to a new report by CryptoQuant, Chainlink (LINK) is locked in a prolonged accumulation phase between $12 and $15, driven by aggressive whale behavior amid muted retail participation.
Fartcoin Price Prediction: FARTCOIN Eyes $1.5 as ETF Approval Hopes Boost Meme Coins
Fartcoin (FARTCOIN) has gone up by 14.4% in the past 24 hours as meme coins as a whole are rallying during today’s session. The launch of a Solana exchange-traded fund (ETF) this week along with Canary Capital’s positive steps toward getting a Pudgy Penguins (PENGU) ETF approved are favoring a bullish Fartcoin price prediction. Fartcoin. […]
Solana Staking ETF Ranks in Top 1% of ETF Launches on Day One
The newly launched SSK Solana Staking ETF delivered a standout performance on its first trading day, ranking in the top 1% of all ETF launches, according to Bloomberg ETF analyst Eric Balchunas.
Swiss Bank Becomes First Global Bank to Support Ripple’s RLUSD Stablecoin
In a landmark move for regulated digital finance, AMINA Bank AG, a FINMA-regulated Swiss crypto bank, has officially launched custody and trading services for Ripple’s U.S. dollar-pegged stablecoin RLUSD, becoming the first bank globally to directly support the asset.
-
1
Altcoin Market Poised for Turbulence as Key Support Levels Flash Signals
16.06.2025 21:00 2 min. read -
2
This Solana Memecoin Poised for Breakout, Says Analyst
20.06.2025 8:00 1 min. read -
3
Ethereum ETFs See First Outflows After Record Inflow Streak
14.06.2025 15:00 1 min. read -
4
Solana ETF Push Gains Momentum After Flurry of S-1 Updates
14.06.2025 21:00 1 min. read -
5
Pi Coin Eyes Potential Reversal After 70% Slide, Chart Pattern and Upcoming Event Hint at Rebound
24.06.2025 11:00 2 min. read