Trader Nets $225,000 from Low-Volume Token

An unknown trader made a profit of 69.6 ETH ($225,700) in just a few days from a new token, DZHV. Analysts at Lookonchain highlighted this development.

In just 2 days, this trader made 69.6 $ETH($225.7K) with only 0.2 $ETH($635).

He spent 0.2 $ETH($635) to buy 6.47M $DZHV on Feb 26 and sold it for 69.8 $ETH($226.4K).$DZHV was launched on Jan 29 but has seen almost no trading volume.

Coincidentally, right after this trader… pic.twitter.com/fJUto8MZZm

— Lookonchain (@lookonchain) February 28, 2024

On February 26, he spent 0.2 ETH ($635) to purchase 6.47 million DZHV and sold them for 69.8 ETH ($226,400).

DZHV was launched on January 29, but trading activity was nearly nonexistent.

However, within two days of the trader’s purchase, the token suddenly surged by 82%.

At the time of writing, DZHV is priced at $0.09125, according to GeckoTerminal. The daily trading volume is $17.89 million.

Previously, ForkLog reported that a holder of the meme token WIF achieved a 4530-fold profit.