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.
For more detailed research and top crypto picks, we recommend to follow our premium crypto charting alerts in which we share much more details across 35 tokens (including SOL), with timely insights combined with buy alerts.
