Ether trader turns $125K into $43M, locks in $7M after market downturn
A savvy trader turned a $125,000 investment into nearly $43 million at its peak, before locking in almost $7 million worth of profit after the market downturn decreased their long positions.
A cryptocurrency investor turned a $125,000 stake into a multimillion-dollar profit trading Ether on a decentralized exchange, even as whales began locking in gains after the recent rally.
The savvy trader turned an initial investment of $125,000 into over $43 million at its peak in just four months before the latest market downturn hit his Ether (ETH) long position.
Despite the market downturn, the savvy trader closed all his positions, locking in a net profit of $6.86 million on Monday, generating an impressive 55-fold return on his initial investment, according to blockchain data platform Lookonchain.
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