An unknown crypto trader hit the jackpot by turning a small amount of cryptocurrency into a massive profit. With just 0.26 ETH, he made a whopping 27.8 ETH, which is around $166k, in just 2 days. This incredible success has amazed the crypto community and highlighted the trader’s skill in navigating the crypto market.
Turning 0.26 ETH Into 27.8 ETH
Lookonchain, a leading on-chain tracking platform, recently shared an impressive success story of a trader who turned a $613 investment into a staggering $166,000 profit in just two days.
However, the trader pulled off this impressive success by making a special trade with DEFROGS, a project that uses ERC404 for project finance for permanence (PFP).
The trader began with 0.26 ETH ($613) and used 0.08 ETH ($190) to buy 100 DEFROGS. However, he faced an extra cost – a transaction fee of 0.178 ETH ($423) for processing the trade, commonly known as gas fees.
Later, the trader made a significant move by selling 60 DEFROGS, earning 27.8 ETH or $67,000. Despite this sale, he still holds 40 DEFROGS, now valued at $100,000. This strategic move resulted in an impressive total profit of $166,000.
DeFrogs Price Analysis
Apart from these personal success stories, DeFrogs, the cryptocurrency itself, experienced a notable surge in value. Currently, DeFrogs is priced at $2,963.33, reflecting an impressive 85.39% increase in the last 24 hours. During this period, the trading volume reached $26,614,451, contributing to a market capitalization of $23,633,289.
