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Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar profits after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up 5.2 million Melania (MELANIA) at just $0.13 per coin right after the digital asset’s launch on Sunday – the day before Trump’s presidential inauguration. Four days later, the trader had sold off every MELANIA token for a gain of 6,208% on the initial investment of $688,000, racking in a $42.7 million profit. “This guy has sold all MELANIA, making a total profit of $42.7 million (62x)! He spent 2,500 SOL ($688,000) to buy 5.2 million MELANIA at $0.13, and sold all of them at an average price of $8.34 for $43.4 million, making a profit of $42.7 million, a 62x return!” Lookonchain also noticed another trader saw massive gains after being an early investor in MELANIA. “This guy made an incredible $66 ...

Bitcoin (BTC), the world’s largest cryptocurrency has been trying to reach the coveted $100,000 mark for a while now. But it seems like several hurdles stand before the king coin. More recently, after surging all the way to a high of $99,655.50 Bitcoin dipped to a low of $91,094. This came as a shock to the market. But it is worth highlighting how much the asset has grown over the past decade. Also Read: How High Can XRP Rise In December 2024? Bitcoin’s Current Scenario After surging by more than 2% over the past 24 hours, BTC was trading at $95,242.61, during press time. The asset has grown by over 33% throughout the last month. This further put a staggering 98% of Bitcoin investors at a profit. A dainty 1% of the king coin holders were not making any money at its current price. This drop was related to increased selling activity. The majority of the selling “ is coming from 2024 buyers who bought above 56k ,” Galaxy Digital CEO Mike Novogratz recently said. ...

In what is a testament to the power of the leading crypto, Michael Saylor’s MicroStrategy is nearing $7 billion in profit, driven by its continued Bitcoin investment. Indeed, the firm has embraced a BTC acquisition strategy. Subsequently, the asset’s continued growth has driven the company’s value upward in 2024. Saylor has remained one of the asset’s most outspoken advocates. The firm most recently purchased another $489 million worth of Bitcoin just a week ago. Moreover, that brings the company’s total BTC holdings to a value above $10 billion, with its strategy paying off massively this year. Source: Bloomberg Also Read: Michael Saylor’s MicroStrategy Raises $1B to Buy More Bitcoin MicroStrategy Nears $7 Billion in Profit as Bitcoin Bet Pays Off Big 2024 has proven to be a monumental year for Bitcoin. The token became the first crypto-based ETF in the United States and reached an all-time high of $73,000 just three months into the year. Although it has h...

The cryptocurrency market is likely gearing up for a sustained bull run led by Bitcoin (BTC), which is seeking to reclaim the $70,000 resistance zone. Amid the current price movement, select altcoin s are experiencing a steady rise in value, presenting a prime opportunity for entry.  In gearing up for the next altcoin season, Finbold initially consulted OpenAI’s artificial intelligence platform, ChatGPT, on December 2, 2023, to gather insights regarding which coins and tokens will likely record significant returns when the altcoin season kicks in. Picks for you Robert Kiyosaki’s 2 new investments will surprise you 34 mins ago Josh Shapiro net worth 2024 | How much money does Governor Josh Shapiro have? ...

A position trader has booked an estimated $13.2 million (345%) profit in seven months of buying and holding patiently. Render (RNDR)—this position trade’s cryptocurrency, became known as the “Nvidia of crypto”—creating a decentralized network of GPU rendering. Notably, SpotOnChain reported the seven-month position trade that started with a 1.69 million RNDR purchase on Coinbase. The withdrawals happened between November 2 and November 10, 2023. At that time, this position was valued at around $3.83 million, with Render priced at $2.265 on average. This trader became dormant for seven months after building the position, waiting patiently for the best time to sell. Interestingly, the whale missed Render’s price top in March but remained still even during a significant crash in April. Picks for you XRP to 'make ex...