An anonymous investor has caught the attention of the cryptocurrency community for his remarkable transformation from a simple “sardine” to a “whale” in just five months.
In case you get lost, “sardines” is a term used to describe regular retail investors, who own smaller amounts of cryptocurrencies and have limited leverage in the market. On the other hand, “whales” are investors with significant investment power.
Identified by “New”an on-chain analyst and whale tracker, the no-sardine investor has an impressive track record, posting more than 10,000% realized profits since January of this year.
Unlike many other whales, this investor stands out for his ability to manage all his trades well, succeeding through solid strategies and not just luck.
BRL 2.9 million in five months
Cryptocurrency analyst Nova highlighted the whale’s consistent performance, stressing that it has achieved its position on its own, without relying on other sources of income.
โThere are many whales in the market, but not all of them are necessarily good traders. A wealthy person can have a huge balance in their cryptocurrency portfolio, but still be a terrible trader. emphasized the analyst who monitors the whale.
โPeople expect positive results, but end up being disappointed. Whale 0x743 does not fall into this category. And the most impressive thing is that it started this year like us, mere investors.โhe added.
A closer look at the investor’s activities reveals that she has discipline and good trading behavior. Unlike other traders, she does not collect losses and holds them indefinitely.
Instead, it takes advantage of its profits, adjusts its portfolio and reinvests in new opportunities.
1) Is 0x743 the most ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐น๐ฒ ๐๐ต๐ฎ๐น๐ฒ ever?
He has nailed trade after trade with a realized profit of more than ๐ญ๐ฌ๐ธ ๐ฝ๐ฒ๐ฟ๐ฐ๐ฒ๐ป๐.
Luck? looks awful.
Every profit and loss is perfectly managed.
Who is this whale and how can we ๐๐ฟ๐ฎ๐ฐ๐ธ ๐ต๐ถ๐บ? ๐งต๐ pic.twitter.com/niQ4T8SRBd
โ CryptoNova (@CryptoGirlNova) May 24, 2023
Which cryptocurrencies did the investor buy
Currently, whale 0x743’s portfolio is valued at around US$578,345, something around R$2.9 million reais, a relatively lower value compared to a few days ago.
This is because the whale periodically takes profits and reinvests them in new coins. An example cited by analyst Nova is the fact that the whale made more than $400,000 in profit on a $35,000 investment in the cryptocurrency in just four days. RefundCoin (RFD) on weekends.
Last month, she also made profits of hundreds of thousands of dollars with an initial investment of $10,000 in the Wojak (WOJAK) memecoin.
The investor also benefited from PEPE, investing $8,000 in the coin last month and selling it all at the top, making a 6-figure profit.
Is it worth investing in memecoins?
While the trader has shown remarkable skill, it is important to point out that dealing with โmemecoinsโ can become an unprofitable strategy for some, as evidenced by past cases.
The volatility of these assets can carry significant risk, and not all investors have the same luck or ability to achieve consistent returns.
The trajectory of the investor turned whale in a short time serves as an inspiring example to some, highlighting the importance of sound strategies, discipline and risk management skills.
However, investors should always be aware of the risks of the cryptocurrency market and seek advice before making investment decisions.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
