Unlucky Trader First Made $1.2 Million on This Altcoin, Then Lost It All
According to the data, an unlucky trader first made a fortune in an altcoin but then lost almost all of it.
According to cryptocurrency onchain data provider Arkham, a trader has embarked on an intriguing trading adventure.
Data shows that this trader used his initial investment of $80,000 to buy an altcoin, then increased his net worth to $1.2 million, before losing it all.
XCkM, a trader who is actually known for trading Solana-based altcoins, bought $80,000 worth of AURA tokens within 3 weeks of its launch, according to onchain data. The data showed that at the peak of the crypto wallet’s wealth, the altcoin’s price rose to $1.22 million. During this period, AURA’s total market value briefly exceeded $75 million.
However, things started to get worse for the trader after this stage. AURA, a memecoin, lost a lot of value with the arrival of the bear market wave affecting the cryptocurrency market, and the value of the trader's total assets dropped to $91,000.
On the bright side, the trader has not suffered any losses from his principal so far.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hackers are targeting Australia’s largest pension funds
Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.
Meta to end third-party fact-checking in U.S. on April 7
Share link:In this post: Meta will shut down its U.S. third-party fact-checking program on April 7, 2025, ending partnerships with groups like PolitiFact. It will be replaced by Community Notes, a system that lets users add context to posts without triggering penalties. Zuckerberg criticized the old system as biased and overly censorious, and said the change aims to support free speech. Meta is also relocating its moderation teams to Texas, a move some experts say is politically motivated.
Crypto Today: Altcoins Find New Buyers as Microsoft, Apple and Nvidia Lose $1 Trillion in 3 Days
Cardano Approaching First Death Cross: What’s Next for ADA Price?
Trending news
MoreCrypto prices
More
