Ethereum: Top ETH Investor Rakes in $688k Profit in Just 2 Days with This Strategy
On-chain data has exposed an Ethereum trader that raked in a $688K profit in 2 days, showcasing the proficiency of memecoins in creating good returns. Blockchain analytics platform, Lookonchain has discovered an anonymous smart Ethereum (ETH) investor who made an impressive $688,000 profit over two days, leveraging a strategic plan.
The trader worked out a plan for a perfect execution of Uniswap trading. The technique involved swapping four different tokens ETH/PTON, ETH/CREAM, ETH/YFI and ETH/USDC to maximize profit.
The deal was structured such that the trader converted a total of 4 ETH into 30,710 PTON tokens, subsequently swapping them for 9,155 CREAM tokens. Finally, the trader exchanged their CREAM for 5.94 YFI tokens, and sold those YFI tokens for 1216.49 USDC.
The entire process began with 4 Ethereum, ending with 1,216 USDC – a profit of over $688,000 – all within two days.
The ETH trader has proven how well-thought-out strategies can yield a high return on investment, even in the volatile crypto market. This is an indicator that Ethereum and other DeFi tokens have the potential to bring massive returns if used with a proper trading strategy.
