The investor turned $22,100 USDC into a $2.48 million profit with CHILLGUY tokens, despite having a low success rate with previous memecoin trades.
CHILLGUY Investor Allocates $22.1K USDC
An investor with the address 28MyYrYrPwAwiACFwKQbzJ7LXAq3tSBPTJzrmG6ep1Fi strategically entered the CHILLGUY market by investing around $22,100 USDC from November 17 to 19. This calculated move suggests a methodical approach to building a large position in favorable market conditions, allowing the investor to capitalize on potential price momentum.
Securing $2.48 Million Profit
After building a substantial position, the investor sold 60% of their CHILLGUY tokens, securing a substantial $2.48 million profit. This partial liquidation highlights the importance of profit-taking in volatile markets like memecoins and demonstrates that significant gains are possible even with a low win rate on previous trades.
Investor's Risks and Strategies
Despite a previous success rate of only 25% in memecoin trades, the investor chose to take a calculated risk by investing heavily in CHILLGUY. This decision underscores the investor's readiness to strategically pivot their approach despite past setbacks.
This case illustrates how strategic position management and market timing can result in substantial financial success, even with a low previous success rate in memecoin trading.
