A crypto analyst under the pseudonym Dami-Defi announced on Twitter that the book value of the anonymous trader’s crypto assets increased by almost 5,000%, from $25,000 to $1.3 million in three days. Dami-Defi says the “brilliant trader, new whale” increased his wealth through an early investment in REFUND (RFD) tokens. The project was launched
May 19 and is associated in the community with the well-known crypto investor Blurr.eth.
This #crypto wallet was worth $25,000 3 days ago.
Today its worth $1,300,000!
What coins did they buy and how did they do almost 5000% in just a few days?
Let’s find out (Plus I’ll show you how I found them) pic.twitter.com/2QKii5D35R
— Dami-Defi (@DamiDefi) May 23, 2023
In his observations, Dami-Defi refers to the results of the analysis of the movement of funds of the studied crypto wallet on the Zerion, Bubblemaps and Dexscreener platforms. The factors considered included the wallet assets, the initial purchase price of the tokens, and the profit and loss for each token. The blogger reports that the corresponding transaction hashes provide verifiable proof and are viewable on Etherscan. For example, the first purchase of RFD occurred on May 20 at a purchase price of $0.00000084 per token. Wednesday afternoon May 24, according to CoinMarketcap, the RFD token traded for $0.000067.
The crypto community has not formed any opinion about the future benefits of the RFD token and the feasibility of investing in this asset. With the exception of the release of several laudatory materials on the Internet that advertise the profitability of the coin.
Market experts do not see anything extraordinary in the growth in the value of the asset at the stage of the initial offer. This only highlights the potential for strategic investment in the volatile but promising area of crypto assets. However, everyone agrees that such investments can carry a high degree of risk. Therefore, a thorough analysis of the asset, as well as a deep understanding of the market, is necessary for the success of investing. Since in some cases, after the hype and a sharp rise in the value of an asset, an exit-scam can follow.
Earlier, PeckShield warned the crypto community that in the last ten days alone, there have been a series of scams with the launch of approximately 24 memtokens.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
