In the wild world of crypto, our mysterious investor made a jaw-dropping move in 2023 by snagging 54.8 million tokens for just $54,000 in ETH. Fast forward, and they're rolling in the dough with $3.51 million from their sales!
The top dog of the quirky meme coin HarryPotterObamaSonic10Inu, playfully dubbed “BITCOIN,” decided to drop a whopping 24 million tokens. And, boom! That sent the coin's price plummeting by a shocking 60%.
The blockchain sleuths over at Lookonchain were hot on the trail, revealing that this anonymous player swapped 24 million of these meme tokens for 50.17 wrapped Bitcoin (wBTC), adding up to a cool $3.53 million. This epic trade went down on Uniswap in the blink of an eye, between 6:08 and 6:11 on November 1.
Right after the big sale, the meme coin's price nosedived from around $0.257541 to $0.143371. But hold on to your hats, because it didn’t stay down for long! It bounced back to $0.209731 and continued to climb, eventually settling around $0.2269.
As of now, HarryPotterObamaSonic10Inu is down by 15.3% from a day earlier and has sunk 27% over the past two weeks. But here’s the kicker: over the last month, it’s actually up by a whopping 70.8%! And if you’ve been hanging onto this meme coin for a year, you’re looking at a sweet 56% increase in your investment.
Our anonymous crypto wizard didn’t just stumble into this. Back in May and June 2023, they scooped up 54.8 million tokens, dropping about 30 ETH, or roughly $54,000 at the time. Since then, they’ve been cashing in, including a previous sale of 28.8 million coins for 21.4 ETH, ultimately raking in $3.51 million in profits.
Since its debut, HarryPotterObamaSonic10Inu has amassed a loyal following, thanks to its zany mix of pop culture icons: Harry Potter, Barack Obama, and Sonic the Hedgehog, all rolled into one wild ERC-20 token on the Ethereum blockchain.
With a market value soaring past $225 million and nearly 1 billion tokens out there, this meme coin operates with a no-tax policy on trades. And according to some savvy analysts, this eccentric coin could be a top performer in the next bull run, thanks to its “delusional, stubborn, and relentless” community. So, buckle up, because HarryPotterObamaSonic10Inu is one wild ride in the crypto carnival!
