TL;DR
- One trader managed to turn 4,821 ETH into 5,690 ETH, earning $2 million in 15 days.
- He performed 6 swing trading operations with Ethereum, achieving a 100% success rate.
- James Fickel, another investor, lost $43 million in a bet with 18,000 ETH.
A prominent trader has shocked the cryptocurrency trading world by making $2 million in just 15 days by trading Ethereum (ETH).
According to blockchain analytics platform Lookonchain, this investor executed six swing trading moves—a strategy that takes advantage of short-term market fluctuations—and achieved a perfect 100% success rate.
This smart trader is excellent at swing trading $ETH, having traded $ETH 6 times since Sept 2 with a 100% win rate!
In just 15 days, he turned 4,821 $ETH into 5,690 $ETH, making a profit of 869 $ETH ($2M)!
Address:
0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71 pic.twitter.com/XemVO7Z7YE— Lookonchain (@lookonchain) September 17, 2024
Since September 2, this trader has turned his 4,821 ETH into 5,690 ETH, making a profit of 869 ETH, which at current value is equivalent to approximately $2 million.
This impressive result underlines the trader’s ability to identify the right moments to buy and sell in a market as volatile as the cryptocurrency market.
Through precise and timely decisions, he not only increased his initial investment, but did so without failing in any of the six operations carried out.
The wallet address linked to this trader, provided by the data platform of Lookonchain, is 0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71, which has further attracted the attention of the crypto community due to the transparency and traceability of the success.
The opposite faces of crypto market trader
While cryptocurrency trading can lead to huge profits, as in this case, it can also result in huge losses for those who take excessive risks.
A recent example is James Fickel, a well-known cryptocurrency millionaire, who on September 14 suffered a devastating loss of $43 million.
Fickel had staked 18,000 ETH, banking on a favorable market move, but the trade didn’t go as expected.
As a result, this loss added to its existing debt, which now stands at $132 million.
This contrast between one trader’s resounding success story and another’s failure illustrates the volatility of the crypto market.
While some investors, through analytical skills and discipline, manage to make significant profits, others can face serious financial consequences when bets don’t pay off.
Fickel‘s case is a reminder of the risks inherent in such investments, and how one miscalculated move can quickly wipe out fortunes.
The story of these traders is a clear example of the ups and downs that can be experienced in the cryptocurrency market.
In a context where fluctuations are constant, both victories and defeats can be quick and forceful.
