How to turn $50 into $11,000 in two hours.
Against the backdrop of the rapidly evolving world of cryptocurrency, an experienced trader demonstrated impressive success by converting $50.98 into an astonishing $10,900 in just two hours. His strategy involved speculating with the newly released token Dinari (NVDA) paired with the cryptocurrency Solana (SOL).
According to the Lookonchain account, the anonymous trader was able to achieve over 21,000% profit by making just one purchase and six sales of the NVDA token. He acquired 0.5 SOL for $50.98 at a price of 0.00002816 SOL per NVDA and sold sequentially for $931, $1633, $2143, $1734, $2291, and $2210.
NVDA is a low liquidity token that began trading on the day of its release. It is important to note that it lacks fundamental grounds for future growth and likely attracted attention due to its similarity to the popular NVIDIA Corp (NASDAQ: NVDA) stocks.
However, such cases remind investors of the need for caution when trading on decentralized exchanges, where anyone can issue a token with any ticker. Newly released tokens usually have low liquidity, making their trading risky, especially for newcomers.