Trader Nets Over $3.6M in Two Hours With $ELIZA Token
😂😂😂😂
In an astonishing series of trades, an anonymous crypto trader turned an initial $1,900 investment into a staggering $3.67 million within just two hours, showcasing the volatile yet lucrative potential of decentralized finance (DeFi). The event centred around the newly popular $ELIZA token on the Solana blockchain, leaving the crypto community in awe.
The trader began by spending 7.84 $SOL, valued at approximately $1,900, to acquire 89.19 million $ELIZA tokens. The purchase came amid a frenzy of trading activity, with $ELIZA experiencing significant price surges and trading volumes exceeding $273 million in just 24 hours, according to data from Raydium.
According to Lookonchain, Shortly after, the trader sold 49.49 million $ELIZA tokens for 7,091 $SOL, equivalent to $1.72 million. Remarkably, this trade alone represented an astronomical return, effectively multiplying the initial investment by over 900 times. The trader still retained 39.7 million $ELIZA tokens valued at $1.95 million at the time of writing.
The $ELIZA/SOL pair on Raydium witnessed an influx of buy and sell orders, with a recorded 68,819 transactions over 24 hours. Despite a significant sell-off by the trader, $ELIZA continued to display a sharp rise in both trading activity and price volatility. The token’s liquidity stood at $1.6 million, and its fully diluted valuation reached $48.5 million. Charts from Dexscreener revealed consistent sell pressure, marked by frequent sell signals dominating the trading interface. This selling activity caused fluctuations in $ELIZA’s price, which dropped by over 39% in one hour but rebounded slightly to stabilize around $0.048.
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