With the right investment strategies, an anonymous TRON trader has made $7.4M with a bare minimum investment of $295 into meme coins.
By Paul PMG
Updated: 03 Sep, 2024 | 06:25:31 AM GMT
With millions of existing cryptos, and Use of the Best trading App in the market, creating custom investment strategies is a must to stay profitable. With the market’s volatility and changing trends, the ups and downs in asset value are the norm. More importantly, the cryptos that are profitable today may turn otherwise with high selling pressure and hundreds of other factors. However, investors who understand the market know the tactics to manage gains. And this is what this TRON trader has succeeded in, as he made $7.4 Million from a simple investment of $295. More importantly, he made 279X profits on PEPE alone with the right time investments.
PEPE was in the limelight in the earlier month of 2024 and offered multiple constant new highs in May, which made significant profits for its holders, including this investor.
Tracer, a popular web developer and crypto enthusiast, introduced Alex to his followers on X in a recent post. Alex is a successful TRON trader who has made millions in profits with newly launched themed cryptocurrencies. More importantly, his crypto wallet, “TRtVRSEjvSFbVDuLpyzb1bHj3ctaR2zgCG” was created when the market built the hype around TRON Network.
After the popularity of Solana meme coins, TRON (TRX) ones have become the new trend in the crypto market. And this crypto trader knew how to take advantage of the situation perfectly.
The first set of his successes began with the SUNDOG, as the trader purchased 6.29 Million tokens with an investment of $11,187. He was aware of the market’s volatility and sold a small portion of the tokens soon, making $190,230 with the initial investment. And per the Tracer, he still holds $ 1 million worth of SUNDOG tokens.
His second most profitable moment was with the $SUNCAT, as the TRON trader bought $2,744 worth of tokens. It was an early-stage investment, so when the value surged, it made him a profit of $96,500. Moreover, he still holds $128,000 worth of these tokens, confirming his unbeatable investment strategies.
Where most of the world focused on big opportunities like Bitcoin price rallies and altcoins season, this crypto investor focused on newly launching meme-based tokens and gained heavy profits. However, not all of his trades were successful, as he also failed multiple times, but the losses were small due to his careful investment strategies.
Understanding His Investment Strategies
In his X post, Tracer also presented a few investment strategies that he believed necessary for trading and which this TRON trader must have used as well.
As per him, everyone should do a reality check, where they must review the token holders, the presentation of the project website, and the audience analysis through tools like TRONSCAN, Twitter score, and many others. He revealed that before buying any new token, ensure that only a few holders do not own a large portion of the supply. And if the top holders alone own a significant portion of the supply, there is risk.
In the era of social media, it has become more than necessary for every project to have a social network. Though the main purpose of social networks is to market the product, the investor can use it to check authenticity and project details.
Overall, Tracer has called for detailed research on the new tokens before investing. Moreover, having a diversified portfolio with smaller investments distributed among multiple assets is the most preferred strategy by investors.
Final Thoughts
Alex has presented a new image around meme coins, as he has made $7.4 Million with an initial investment of $295. He made smart investments at the beginning of the token launch to take advantage of the initial hype and rapid gains. Moreover, Tracer also revealed how a new project with top holders carrying the most supply is a riskier investment. He also mentioned tools like TRONSCAN and Twitter score to do a reality check on the potential investments.
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