A crypto trader's astonishing profit record has caught everyone's attention, as he made $42 million in just one year. What makes this feat even more impressive is that he achieved it using only three cryptocurrencies. His strategic approach and investment acumen have garnered significant attention.

The information came to light when Lookonchain, a blockchain explorer, shared the trader’s history on X. Let’s delve into his portfolio and see how he managed to earn such substantial profits.

Three Cryptocurrencies Yield $42 Million

According to Lookonchain, the trader expanded his portfolio from $23 million to $65 million in a year, netting $42 million in profits. Remarkably, he used just three cryptocurrencies: PEPE, ONDO, and BEAM, to achieve this growth.

$60 Million Profit with PEPE

Pepe Coin, a popular meme coin, was the biggest contributor to his profits. The trader made $60 million by buying PEPE during a bearish market and selling when it turned bullish. He invested $4 million, equivalent to 2,434 ETH, to acquire 3.97 trillion PEPE between November 2, 2023, and February 1, 2024. By selling just 25 billion PEPE, he turned that into 350 ETH ($.127 million) while retaining 3.84 trillion PEPE, worth $56.43 million. This resulted in an overall profit of $60 million, with a return on investment (ROI) of 1203%.

$5.8 Million Profit with ONDO

The trader also made significant gains with ONDO, the native token of ONDO Finance, which ranks among the top 100 cryptocurrencies on CoinMarketCap. He invested $1.9 million to purchase 7.55 million ONDO tokens between January 28 and February 6. Initially, ONDO was trading at an average price of $0.26, but it has since surged to $1.08.

The trader sold 2.56 million ONDO for $2 million, retaining 4.99 million ONDO valued at $5.73 million. This investment yielded $5.8 million in profits, with an ROI of 288%.

$1.85 Million Profit with BEAM

The third profitable cryptocurrency was BEAM. The trader invested $2.59 million to buy 139.47 million BEAM tokens on January 4 and 5 at an average price of $0.019. Currently, BEAM trades at $0.02666.

In February, he sold all 139.47 million BEAM tokens, making $4.44 million at an average price of $0.032. Although BEAM's price continued to rise afterward, the trader secured a profit of $1.85 million, with an ROI of 72%.

Conclusion

The trader’s ability to pick the right cryptocurrencies and time his investments perfectly is remarkable. Besides the well-known PEPE, his portfolio included the lesser-known BEAM and ONDO, which also brought in substantial profits. The Lookonchain team praised his investment skills and his strategy of selling at peak prices.