Trader loshmi said he closed all positions on Sept. 13 and booked $327,400 in realized profit across 30 days of public trading, according to an Odaily report citing Bitcoin.com News. He said he began buying STONK more than a month ago when the token’s market capitalization was around $1 million, and kept adding as the price fell. STONK is the native token of Stonkfun, a Solana-based token launch platform that went live on Aug. 3 and lets creators pair new tokens with tokenized stocks. loshmi also disclosed sharp swings in his portfolio during the period: it rose from $5,000 to more than $25,000 before falling back to $4,000. He added that he lost more than $6,000 in a hacking incident. As for why he exited, loshmi said mounting competition in recent market trading left him fatigued.
Trader loshmi said he closed all of his positions on Sept. 13 and recorded $327,400 in realized profit over 30 days of public trading, according to Odaily, which cited Bitcoin.com News.
He said he started buying STONK more than a month ago when the token’s market capitalization was about $1 million, and continued adding to the position as the price declined.
Stonkfun, launched on Aug. 3, is a Solana token issuance platform that allows creators to pair new tokens with tokenized stocks. STONK is the platform’s native token.
loshmi also disclosed that his portfolio once climbed from $5,000 to more than $25,000 before dropping back to $4,000. During that stretch, he said he also lost more than $6,000 in a hack.
On the reason for closing the trade, he said recent competition in market trading had become more intense and left him fatigued.
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