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Jakarta, Pintu News – In early May, a crypto wallet labeled “4ZYMA…nSD” recorded an unrealized profit of over $1.4 million from a single trade of the Moonpig token (MOONPIG). The initial investment of $7,619 on May 2 has led to spectacular profits thanks to the token’s price increase.
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According to Crypto Times, this wallet was created on April 5 and immediately used to purchase $1 million worth of TRUMP tokens. Subsequently, on May 2, the wallet exchanged 600 TRUMP tokens at a price of approximately $7,619 for 16.44 million Moonpig tokens. The price per Moonpig token at the time was $0.00046339.
In less than a month, on May 23, the price of Moonpig jumped to approximately $0.08438 per token. Although no tokens have been sold yet, the total value of investment in Moonpig reached over $1.4 million, with a return on investment of approximately 18.100%.
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Based on wallet analysis by GMGN, the $1.4 million position in Moonpig is still unsold and constitutes 100% of the user’s exposure in this trade. The trader’s performance log shows a seven-day realized gain of +4.22%, or approximately $41,400, which came from other transactions.
The wallet also traded high-volume with Wrapped Solana (WSOL) and TRUMP. On-chain records show more than $1.3 million was used to acquire WSOL. TRUMP positions have been fully abandoned, resulting in an additional profit of $43,500.
Moonpig’s price increase started steadily and entered a sharp rally between May 18th and 23rd. This rise was in line with the period during which Moonpig’s position in the wallet experienced significant appreciation.
This trader activity has not caused any major selling pressure on Moonpig, as no tokens have been moved or sold from the wallet. However, given the size of the holdings, future liquidation of these positions could have a major impact on the token price.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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