Trader Transforms 0.1 ETH into $8.39 Million with Low-Cap Tokens

A user known as Larp Von Trier managed to increase his investment by 23,770 times in just six days using tokens with a market capitalization of less than $5000. Analysts at Lookonchain highlighted this achievement.

1/ Crazy!@LarpVonTrier turned 0.1 $ETH($353) into $8.39M on #Base in just 6 days, a gain of 23,770x!

How did he do it?

Let’s learn about his story. pic.twitter.com/8AwtepfFLX

— Lookonchain (@lookonchain) April 2, 2024

Earlier, the trader announced a hunt for potentially promising coins on the Coinbase exchange. On March 27, he purchased 1.3 billion KEYCAT (13.16% of the total supply) for 0.1 ETH ($353). At that time, the token had been trading for only a few days, with a capitalization of just $2200.

Subsequently, Larp Von Trier sold 344.7 million KEYCAT for 497 ETH ($1.75 million). His six wallets still hold 971.2 million KEYCAT (9.71% of the total supply), now valued at $6.64 million.

Not all of the user’s trades were successful. Previously, he purchased NORMIE and NORMILIO, losing $820 (-23%) and $9700 (-84%) respectively.

Back in late March, an unknown user earned $8.9 million in two hours with the “cat” token MEW.