How a Smart Trader Turned $809 into $510K in Less Than 15 Hours by Trading SZN, a New Meme Coin Launched on TRON

With his knowledge of crypto trading, the trader embraced a risky move to invest in SZN, a new meme coin launched on TRON, whose abrupt volatility facilitated his fortune.

A smart trader has managed to generate tremendous profits in the midst of the ongoing downtrend.

The trader's knowledge of crypto trading allowed him to make a risky move by investing in SZN, a new meme coin launched on TRON. The coin's abrupt volatility facilitated the trader's fortune.

The trader began with 3,600 TRX, which he used to buy 46.4 million SZN tokens. He later sold 12.5 million SZN tokens for 400,890 TRX, leaving 33.9 million TRX.

$809 into $510,000 in 15 hours

Today's data reported by Lookonchain saw an investor making a huge profit of over $509,191 despite the sustained plunge in the wider crypto markets.

The trader managed to turn an initial investment of $809 into $510,000 by trading $szn, a new meme coin launched yesterday by Tron Network. Point to be noted, the return is equivalent to more than 630 times the initial investment in just 15 hours. He spent 3,600 $TRX ($809) to buy 46.4M $szn tokens. He then sold 12.5M $szn tokens for 400,890 $TRX ($94K), leaving 33.9M $TRX ($416K). pic.twitter.com/2XAiaLwJiS

— Lookonchain (@Lookonchain) August 24, 2023

Today's data reported by Lookonchain saw an investor making a huge profit of over $509,191 despite the sustained plunge in the wider crypto markets.

The trader managed to turn an initial investment of $809 into $510,000 by trading SZN, a new meme coin launched yesterday by Tron Network. The return is equivalent to more than 630 times the initial investment in just 15 hours.

This trader managed to clock in a 630x return with an initial investment of $809 at a glance. He spent 3,600 TRX ($809) to buy 46.4M SZN tokens and sold 12.5M SZN tokens for 400,890 TRX ($94,000), leaving 33.9M TRX ($416,000).

A practical approach to investing

The crypto landscape is full of strikes of sudden successes, and new meme coins are normally the main source of these prosperities. For the transaction above, this smart trader combined strategic decisions and a stroke of luck to turn a small investment worth $809 into a whopping $510,000 profit within 15 hours, thanks to the meme coin’s volatile nature.

While this investor’s identity is unknown, his strategy is simply an intelligent move, not driven by insider information. The formula for his success is based on his sharp eye for spotting tokens with potential rapid growth. By looking at a wide variety of different tokens, he diversified the risk and expanded his chances of spotting tokens with explosive capability.

Simply buying new and lesser-known tokens with potential was not enough for this investor. He used a twofold approach that tracks tokens on CEXs and DEXs. First, he focuses on buying tokens on a DEX, where they are normally listed earlier and at lower prices. With his observant eye on market trends, he then would strategically sell tokens in a CEX once they witnessed a substantial price rise due to a heightened market hype or listing event. This approach proved successful with SZN. The trader took advantage of its recent listing on a CEX and sold it for a staggering profit within 15 hours.

This investor’s trade showcases the potential gains connected with strategic investing and conducting thorough research in the market. It also highlights the significance of diversification and taking advantage of unique offerings provided by both CEXs and DEXs.