On-chain analyst and whale tracker Nova has identified a trader who went from being an average trader to a whale in just five months. The wallet with the address 0x*************121F760e has made over 10,000% realized profit since January, thanks to good trading strategies and proper management of wins and losses.
Real Alpha Trader
Nova praised the anonymous trader for their realized profit and called them a “real alpha” because they achieved the position through performance, unlike most whales who rely on other sources of revenue. The trader’s discipline and good trade behavior is reflected in their portfolio, as shown by their ability to move on from losses and not hold onto losing positions.
“Whale 0x743 is nothing like that. Even crazier is that they started just like us this year.” Nova said.
A Smart Trading Portfolio
The portfolio of whale 0x743 is currently worth around $578,345, with most of the assets resulting from previous profitable trades. The trader takes profit from the wallet and fills it back when making new trades, showing smart trading behavior. Nova found that the trader realized over $400,000 in profit within four days from just $35,000 worth of RefundCoin (RFD), purchased over the weekend. They also made hundreds of thousands of dollars from $10,000 worth of Wojak (WOJAK), among other successful trades.
Using the HODLing strategy, the trader achieved a 3,000% return on investment during the Pepe memecoin mania, and their losses have been minimal, with the biggest loss being $12,000 on a Ribbit (RIBBIT) trade. However, it’s important to note that dealing with memecoins could lead to unprofitable outcomes for some traders.
