Crypto Whale Makes 3,475,700% Return in a Year
A whale in the cryptocurrency world has managed an unprecedented return of over 3,475,700%, bringing their wallet value to $1.6 billion in just 12 months by focusing on small market capitalization altcoins set to grow.
Whale’s Holdings and Gains
A cryptocurrency wallet with a starting address of 0xf3b, mainly holding Ethereum, managed to grow its portfolio to $1.6 billion within just a year. Additionally, the whale holds a significant amount of Crypto.com’s CRO tokens and the meme-inspired cryptocurrency Shiba Inu (SHIB), amounting to over $7 million in gains.
Impact of Institutional Investors on ETH
The whale’s significant ETH holdings align with the growing trend of institutional investors backing Ethereum through trusts, exchange-traded products, and investment funds. The spike in institutional interest in Ethereum signals strong support for its long-term value and future market expansion.
Significant Returns by Investing On-Chain
Some investors, including the cryptocurrency whale, have managed to make substantial returns by leveraging on-chain activities. Another whale turned a little over $1,000 into a $325,900 fortune in just 18 hours by trading newly launched tokens on Ethereum.
Hot Take: Ethereum Whale Realizes Unprecedented 1-Year Gains of 3,475,700%
A whale in the cryptocurrency sphere has realized an impressive 3,475,700% gain, pushing their portfolio to $1.6 billion in just 12 months by delving into low-cap altcoins. The impressive returns by the whale, as well as other investors, continue to showcase the potential of the crypto market for achieving remarkable gains.
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