- Reflection has noticed a crypto pockets that went from a $5,600 steadiness to $184,969 in 5 days.
- In response to Reflection, the pockets proprietor achieved this outcome by flipping meme cash on the Solana blockchain.
- Probably the most important revenue recorded within the pockets’s transactions got here from the Solana-based meme coin, WIF.
Reflection, a crypto character on X (previously Twitter) famend for on-chain evaluation, has noticed a crypto pockets that went from a $5,600 steadiness to $184,969 in 5 days. In response to Reflection, the pockets proprietor achieved this exceptional outcome by flipping meme cash on the Solana blockchain.
By analyzing the crypto pockets’s actions, Reflection realized that essentially the most important revenue recorded in its transactions got here from the Solana-based meme coin, WIF. The analyst famous that the pockets’s proprietor used insider data and was among the many first customers to buy the WIF token.
From the evaluation, Reflection seen that the consumer’s preliminary WIF buy was price $287 and returned a formidable 64,891% revenue. That amounted to a acquire of $184,969.32 on the funding.
A deeper examination of the pockets’s actions revealed that the consumer acquired three million WIF tokens on the preliminary buy. It additionally confirmed that the consumer’s sensible pockets adopted a method that progressively bought small parts of his holdings between 100x and 1,000x.
Moreover, Reflection noticed that utilizing sensible wallets allowed the consumer to discover the assistance of sniper bots for buying and selling selections. The analyst believes that past adopting sniper bots, the consumer displayed important dedication all through the buying and selling interval.
TradingView knowledge exhibits that WIF rallied greater than 720% between January 9 and 18 this yr, regardless of slowing down in tempo. Nevertheless, the worth has retraced because the meme coin traded for $0.2230 on the time of writing, dropping from a yearly excessive of $0.5445.
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