Lookonchain said trader 0x4c8f made more than $1.2 million in profit in less than seven hours, a reported 77x return on a PIPEDOG trade. According to the on-chain tracker, the trader spent 8.39 ETH, worth about $16,000, six hours earlier to buy 293.75 million PIPEDOG. The wallet later sold 34.55 million PIPEDOG for 32.67 ETH, or about $62,000. The address still holds 259.2 million PIPEDOG, valued at about $1.18 million based on the figures cited in the report. Lookonchain said the trader’s total profit exceeded $1.2 million.
ChainCatcher reported, citing data tracked by Lookonchain, that trader 0x4c8f made more than $1.2 million in less than seven hours, delivering a 77x return.
According to the figures shared, the trader spent 8.39 ETH, worth about $16,000, six hours earlier to buy 293.75 million PIPEDOG. The wallet then sold 34.55 million PIPEDOG and received 32.67 ETH, or about $62,000.
At the time of the update, the address still held 259.2 million PIPEDOG, valued at around $1.18 million based on the data in the report, bringing total profit to more than $1.2 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
