The crypto market is rife with volatility, but some newly launched cryptocurrencies have recently become trading saviors. BUBB, a recently launched token, is one of these trading saviors as its price surged significantly, turning $304 into $482,000 by a crypto trader. How did this happen exactly? Let’s take a closer look.
Crypto Trading News: Crypto Trader Earned 1,586x Returns
An anonymous crypto trader invested just under $304 and turned it into $482,000—an impressive 1,586x return. According to Lookonchain’s post X, he seized the cryptocurrency opportunity even though the token barely lost value due to its recent launch.
The trader invested $304 to purchase BUBB, worth $43.94 million. Interestingly, the price of BUBB jumped 150,000% shortly afterward, pushing the token’s value to $482,000. Of these millions of tokens, the crypto investor sold only 28.9 million ($122,000) and held onto the remaining 15.64 million BUBB, equivalent to $360,000 per post, in anticipation of further growth.
In total, the trader realized a return of 1,586x. Interestingly, he still holds 15.64 million tokens. Given that BUBB is currently one of the leading cryptocurrencies, the return could increase.
The portfolio statistics show a win rate of 50%, meaning that half of the bets resulted in profits and the other half in losses. The profit realized over the last 7 days is just under $3,500, and the total profit exceeds $59,000.
With a return of 1,586x, it is clear that the crypto investor has good trading skills and experience. A review of the portfolio reveals the trader’s high trading activity in cryptocurrencies: 152 trades were made in the last seven days alone.
The trader has another portfolio with $417,000 in unrealized profits. Interestingly, this is also due to BUBB token holdings.
The upward trend in BUBB’s price continues – what’s next?
Although the aforementioned crypto trader bought the token at an average price of $0.0000069 and sold it at $0.00432, the token has significantly surpassed this level. According to Coingecko, the BUBB token is currently trading at $0.02449, up nearly 500% in the past 24 hours.
The market capitalization is $23,668,094 and the trading volume is $49,334,025—a relatively high value. This indicates strong investor demand.
Interestingly, amid this demand, the price of BUBB increased by 800%. It rose from $0.0027 to $0.026 a few hours earlier on the same day. Continuing the trend and demand could lead to further price increases. However, uncertainty in the cryptocurrency market is also characterized by high volatility, which calls for caution.