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<p>Lookonchain revealed how a trader transformed an initial investment of $1,795 into over $873,000 in just two days, achieving 490x return. <a href="https://x.com/lookonchain/status/1850412480360857868?t=ejt5HWNiXyksf2RRaywOqg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">The analytics firm</a> noted that this trader’s approach offers valuable lessons in strategy and patience.</p>
<p>The trader made his initial purchase by spending 10.2 SOL, equivalent to $1,795, to acquire 36.27 million $Ban tokens. During an early surge, he capitalized on the market by selling 12 million $Ban for $56,900.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solana-whales-begin-accumulating-sol-as-price-nears-breakout-to-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">Solana Whales Begin Accumulating SOL as Price Nears Breakout to All-Time High</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="499" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-1024x499.png" alt="" class="wp-image-573478" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-1024x499.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-300x146.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-767x374.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-1536x749.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-2048x999.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-308x150.png 308w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-718x350.png 718w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064-788x384.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1064.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Remarkably, even after<a href="https://www.coingecko.com/en/coins/banano" target="_blank" rel="noopener noreferrer nofollow"> $Ban’s price </a>fell nearly 90%, the trader did not succumb to panic selling. Instead, he maintained his composure and awaited another significant rally.</p>
<p>As the market shifted, the analyst pointed out that the trader adopted a methodical selling strategy. After each price surge, he strategically sold portions of his holdings. Ultimately, he sold a total of 6.13 million $Ban for $80,700, while retaining 18.13 million $Ban, valued at approximately $734,000.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-explains-why-litecoin-could-rally-past-420-this-cycle-ltc-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Analyst Explains Why Litecoin Could Rally Past $420 This Cycle: LTC Price Analysis</a></em></strong></p>
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<p>The analyst emphasized that this trader’s success lies not only in the impressive return but also in his disciplined approach to selling, demonstrating that careful strategy can lead to remarkable outcomes in the volatile world of cryptocurrency trading.</p>
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<p>The post <a href="https://captainaltcoin.com/onchain-data-shows-how-trader-flips-1700-into-800k-on-this-solana-token/" rel="noopener noreferrer nofollow">Onchain Data Shows How Trader Flips $1,700 into $800k on This Solana Token</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Onchain Data Shows How Trader Flips $1,700 into $800k on This Solana Token

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