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- Altcoin trader makes a swift $271,000 in just a few hours by reacting quickly to market developments.
- According to a report by Lookonchain, the trader purchased GME coins shortly after @TheRoaringKitty tweeted for the first time in nearly three years.
- Roaring Kitty was instrumental in the over tenfold increase in the value of GameStop (GME) shares in 2021.
An altcoin trader capitalizes on market trends, earning a swift $271,000 by investing in GME coins following a tweet from influential trader, Roaring Kitty.
Quick Reaction to Market Developments
The trader, who remains anonymous, reacted quickly to a tweet from @TheRoaringKitty, a notable figure in the crypto world. Despite a three-year hiatus from Twitter, Roaring Kitty’s influence remains significant, as evidenced by the swift market reaction following his tweet. The trader capitalized on this, purchasing GME coins in a timely manner.
Roaring Kitty’s Influence on GME
Roaring Kitty was a key player in the dramatic increase in the value of GameStop (GME) shares in 2021. Despite having no connection to GameStop, the GME token shares the same code, which led to its value increasing rapidly following Roaring Kitty’s tweet. This highlights the power of influential figures in the crypto market and the potential for savvy traders to capitalize on these trends.
Profitable Investment
The trader spent 443 Solana (approximately $65,000) to purchase 44.86 million GME within the first 30 minutes following Roaring Kitty’s tweet. The trader then sold all of these for 2,302 Solana (approximately $336,000), earning a profit of $271,000 in just 14 hours. This case serves as an example of the potential profits that can be made in the volatile crypto market with timely investments.
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Conclusion
This story illustrates the potential for significant profits in the crypto market for those who can react quickly to market trends and the influence of key figures. As the market continues to evolve, it will be interesting to see if more traders can replicate this success.
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