A smart investor followed the wallet of renowned crypto influencer SolportTom and executed a transaction in the same block, earning a profit of $112,000 in just 3 hours.
According to a report by the crypto analysis platform Lookonchain, a savvy trader gained impressive profits by tracking the movements of the well-known Solana ecosystem investor and influencer SolportTom. The trader managed to seize a significant opportunity by quickly opening a position in the same block where SolportTom acquired the Grassito token.
According to the report, the investor used 50 SOL worth $7,395 to purchase 270 billion Grassito tokens. Then, as the value of the tokens rapidly increased, he sold his entire position for 817 SOL worth $119,500, achieving a net profit of $112,000 (767 SOL) in just 3 hours.
"Wallet Tracking" Strategy
This case showcases an increasingly popular investment strategy known as "wallet tracking" in the cryptocurrency world. In this strategy, investors follow the wallets of successful traders or influencers to replicate their movements.
