According to Lookonchain, a trader withdrew 4,248 $SOL (worth $1.06M) from exchanges and incurred losses totaling $892K. Over the past two days, the individual traded 13 different tokens, achieving a negligible profit of $231 on a single trade, resulting in an almost 0% win rate. The largest losses were $456.4K on $ALON and $254.5K on $VINE.

According to Lookonchain, a trader withdrew 4,248 $SOL (approximately $1.06M) from exchanges to engage in trading activities, only to incur losses amounting to $892K. The individual traded 13 different tokens over two days, resulting in only one profitable trade with a gain of $231, while the remaining trades were unprofitable, leading to an almost 0% win rate. Significant losses were reported on $ALON and $VINE, with $456.4K and $254.5K lost respectively.

According to Ai 姨, an investor holding ALON tokens for nearly three months realized a profit of $2.47 million with a return rate of 22,570%. The investor initially purchased ALON during November-December at an average price of $0.000511, investing approximately $11,000. The profit was realized following a positive announcement from ALON regarding their CTO, leading to a price surge to $0.1403. This highlights the importance of monitoring company announcements for trading opportunities. [source: Ai 姨]

According to Lookonchain, a trader who invested 2,500 USDC in April 2024 to purchase 44.86M ALON, recently sold 28M ALON for 13,534 SOL, equivalent to $3.41M. This transaction signifies a significant profit, highlighting strategic patience in holding the asset for months. The trading move reflects the potential lucrative outcomes of long-term cryptocurrency investments when market conditions align favorably. Source: Lookonchain.