The mysterious investor who bought Dogecoin (DOGE) simply earlier than Elon Musk set it as his profile image in 2021 has introduced that he purchased RenQ Finance.
Whereas the dealer’s id remains to be unknown, he reported making one other $1 million from DOGE trades final week after Musk modified Twitter with that DOGE.
Fortunate buy
On July 21, 2021, Elon Musk determined to set his image in sun shades that mirrored DOGE’s emblem as his Twitter profile. On the time, Musk had been underneath the radar of the crypto neighborhood for his DOGE-related tweets that led to volatility in DOGE costs. Unsurprisingly, his profile image with DOGE-showing sun shades resulted in a value surge.
The mysterious investor, often called Tree of Alpha on Twitter, was fortunate sufficient to buy $22 million price of DOGE simply minutes earlier than Musk modified his profile image in 2021. The worth surge following the brand new image turned the investor right into a millionaire in a single day.
The fortunate dealer didn’t go away it at this and witnessed historical past repeating itself. On April 3, 2023, Elon Musk set the long-lasting DOGE canine as the brand new Twitter emblem, which led to a 30% surge in DOGE costs. The thriller dealer admitted making over one other $1 million solely from buying and selling DOGE final week, with a mean shopping for value of $0.0815 and promoting from $0.095.
RenQ Finance
RenQ Finance is a DeFi protocol constructed on the Ethereum (ETH) blockchain that gives providers like yield farming, staking, and lending.
The nameless DOGE whale didn’t disclose the rationale behind his determination to purchase RenQ Finance or the quantity he spared for the acquisition. Nonetheless, contemplating his document of creating fortunate funding selections, this buy attracted the crypto neighborhood’s consideration and created a selected hype round RenQ Finance.
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