According to a tweet by popular X user Kakashi, a trader turned a $1.74 investment into $78,000 in 16 hours.
$1.74 to over $78,000 which makes no sense lol
https://t.co/RIViuiFH8D pic.twitter.com/3R8cbDoens
— Kakashi (@kkashi_yt) August 6, 2024
As per Kakashi’s screenshot, the trader was sat on unrealized gains of $76,600, having sold $1,956 of the token.
Kakashi explained that some bots ape 0.01 SOL into many coins, and most of these investments don’t pay off.
Last time I checked the wallet transferred some of it to other wallet and held about $30K to same wallet. Didnt track it further just saved the screenshot. There are some bots that buys 0.01 sol but highest I’ve seen was around $18K profit with many other coins that did nothing.…
— Kakashi (@kkashi_yt) August 6, 2024
He urged his followers not to FOMO. Just because one trader turned $1.78 into $78,000 in 16 hours doesn’t mean they will.
FOMO stands for “fear or missing out,” and FOMOing into an investment refers to an investor buying an asset out of panic that it may shoot higher and leave them behind if they don’t.
That often leads to investors making bad investment decisions.
Indeed, investing in micro-cap on-chain markets, as appears to be the strategy of the above-mentioned wallet, is a very dangerous game.
That’s because most newly launched coins are worthless, and most are either scams or pump-and-dump attempts.
A less risky way to gain exposure to new crypto coins early on is to invest in crypto presales.
Presales typically run over a few weeks. Investors have time to research a project and understand it before investing, which reduces the risk of FOMO and making a bad investment.
That’s not to say that presale investing can’t also be risky. Traders turning $1.78 into $78,000 is far from guaranteed. Cryptonews.com keeps a close eye on the presale market and attempts to help point investors in the right direction.
One project they are big fans of is a new Pepe-themed Ethereum layer-2 protocol called Pepe Unchained (PEPU).
Here’s why analysts at Cryptonews.com rank Pepe Unchained as one of their top crypto presales right now.
Pepe Unchained (PEPU) – Best Pepe Alternative?
New Pepe copycat tokens are launched nearly every day. Most have zero worth or utility and thus never gain any traction.
By contrast, Pepe Unchained is packed with utility. It is a new Ethereum layer-2 protocol that seeks to become the go-to blockchain for meme coin trading.
Pepe Unchained’s token presale launched a few weeks ago, raising over $7.6 million so far.
The Breaker of Chains did it again!
$7.5M raised!
pic.twitter.com/ygR2ivQhtl
— Pepe Unchained (@pepe_unchained) August 7, 2024
But Pepe Unchained is more than just a promising L2 protocol. It’s also a passive income gem.
Thirty percent of the token’s supply is dedicated to staking rewards, which presale investors can start earning immediately.
The project’s website shows the current staking yield is around 256% for presale investors.
Investors who jump in now could potentially have greatly increased their PEPU portfolio by the time the token launches.
Priced at just $0.0089461, PEPU is valued at only around $70 million. Assuming it achieves its goals of becoming a major layer-2 protocol, it could easily be 10x from here.
Pepe Unchained has the backing of dozens of well-known crypto influencers.
Crypto Gains backs PEPU and thinks it’s still early for investors to get involved.
Buy Pepe Unchained Here
The post Trader Turns $1.78 Into $78,000 in 16 Hours: Here’s How appeared first on Cryptonews.
