A crypto trader recently made headlines by turning a small $135 investment into an astounding $1.2 million in just 15 days, thanks to a sharp rise in the value of a new token called Terminus.
While huge profits like this are rare in the volatile crypto market, the right timing can lead to significant gains, though most investors don’t witness such windfalls.
Instead of trading in popular coins like Bitcoin or Ethereum, this trader invested in Terminus, a meme-themed cryptocurrency, which saw its price surge by over 10,000%.
Initially purchasing 3.46 million tokens at a fraction of a cent on September 8, the trader’s holdings ballooned as the token’s price skyrocketed. As of now, the Terminus token is valued at $0.4072, pushing its market cap to $41.7 million.
This surge in value gained traction after social media buzz linked Elon Musk’s plans for Mars to the token, which fueled its rapid rise. However, such volatile gains are often short-lived, with concerns about liquidity and a potential price drop once the hype fades.
Uphold is looking for a way to offer customers staking rewards on XRP, even though the token’s blockchain doesn’t support proof-of-stake.
Dogecoin has spent the past few months grinding sideways under $0.25, dipping 5 % over the last week and failing to reclaim February’s highs.
An address beginning with 0xa31 has spent the week leaning hard against the alt-market on Hyperliquid.
Cardano founder Charles Hoskinson has hinted at a broader plan to bring Ripple-associated assets, including XRP and the RealUSD (RLUSD) stablecoin, into the Cardano ecosystem.