Trader Earns 6,102% Profit from Trading Emerging Dogecoin, Shiba Inu Competitor: On-Chain Data Reveals

Trader Earns Massive Profits in One Month from Trading Emerging Dogecoin (DOGE) and Shiba Inu (SHIB) Competitor

"Lookonchain Report: Trader Nets $2.5 Million Profit from Grok (GROK) Trades in One Month"

"A recent analysis by blockchain-tracking service Lookonchain has revealed a trader achieving an extraordinary 6,102% gain, amounting to approximately $2.5 million, from buying and selling the cryptocurrency token Grok (GROK). Inspired by, yet not affiliated with, Grok AI on Elon Musk’s social media platform X, this token has captured significant attention in the crypto world.

Lookonchain details how the trader executed well-timed trades of Grok, capitalizing on the memecoin's increasing value. Notably, some of the holdings were sold on the cryptocurrency exchange Gate.io as the token's value surged. At the time of writing, the trader still possesses nearly 70 million GROK.

The success story began when the trader acquired Grok immediately after its trading debut, buying a substantial amount at a very low price. Within less than 12 hours, the trader's initial investment had increased 140-fold. Further strategic purchases and sales followed, including selling 11.88 million GROK on a decentralized exchange (DEX) for 18.44 ETH (about $37,000) and depositing 72.96 million GROK (valued at $1.38 million) to Gate.io for selling.

Despite these substantial sales, the trader currently holds 69.87 million GROK, equivalent to $1.16 million, culminating in a total profit of around $2.5 million."

Source: Lookonchain/X

Grok (GROK) Price Rises to $0.0165, Marking a Slight Increase in the Last 24 Hours

Dec 10, 2023

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