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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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Trader followed the Crypto phenomenon and earned 112 Thousand Dollars from Meme Coin in 3 hours! - Coin Bulletin
A smart investor followed the wallet of renowned crypto influencer SolportTom and executed a transaction in the same block, earning a profit of 112 thousand dollars in just 3 hours.
According to the report of the crypto analysis platform Lookonchain, a savvy trader achieved impressive profits by tracking the movements of the renowned Solana ecosystem investor and influencer SolportTom. The trader managed to seize a significant opportunity by quickly opening a position in the same block where SolportTom acquired the Grassito token.
According to the report, the investor used 50 SOL worth $7,395 to purchase 270 billion Grassito tokens. Then, as the value of the tokens rose rapidly, he sold his entire position for 817 SOL worth $119,500 and made a net profit of $112,000 worth of (767 SOL) in just 3 hours.
"Wallet Tracking" strategy
This case showcases an increasingly popular investment strategy known in the cryptocurrency world as “wallet tracking” (wallet tracking). In this strategy, investors follow the wallets of successful traders or influencers to copy their movements.