The cryptocurrency market witnessed a remarkable event recently. According to reports from Lookonchain, a trader generated over $550,000 in profits from Daram and Frogs tokens within just six days of free minting. This impressive achievement serves as a new example of quickly reaping significant gains in the cryptocurrency sector.
Substantial Earnings from Daram and Frogs
On-chain data indicates that the investor minted 45.9 billion Daram tokens through 918 different wallets, incurring approximately $10,000 in gas fees. Simultaneously, they minted 8.8 trillion Frogs tokens using 880 wallets, spending around $7,000 on gas fees for this transaction.
The investor then sold all their Frogs tokens, gaining 26.56 ETH (approximately $69,000). Additionally, they sold 32.3 billion Daram tokens, earning 69 ETH (about $180,000) in profit.
Currently, the investor retains 13.6 billion Daram tokens, valued at about $319,000.
Wallet Address and Transaction Details
Lookonchain disclosed the wallet address of the investor who conducted these transactions. The wallet address is 0xAB4ce2a08cBeA809692218DD7841F681B80069A9. Transactions from this address have sparked significant curiosity among cryptocurrency market participants. Particularly, the swift realization of such considerable profits offers important lessons for those seizing opportunities in the crypto world.
The investor’s moves with Daram and Frogs illustrate how substantial profits can be achieved in the cryptocurrency market despite high gas fees. With a free minting strategy, this trader appears to inspire other users in the market.
