An investor betting on VINE turned from a loss to a profit of $4.5 million
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Odaily reported that according to Lookonchain's monitoring, an investor managed to turn a $270,000 (-70%) loss into over $4.5 million in unrealized profits by betting on VINE. Initially, he used 20 SOL to purchase 1 million VINE, but sold 23 SOL before the price surge, missing out on the rally. Subsequently, he chose to buy VINE again and continued to increase his position as the price fell, cumulatively investing 1,463 SOL (about $37.4,000) to acquire 26.6 million VINE, at one point facing a $270,000 floating loss. As the VINE price rose, this batch of tokens is currently worth close to $5 million, and the investor has achieved substantial profits, with over $4.5 million in unrealized gains.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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