The incredible breakthrough of a trader, who became a crypto whale in 5 months!

Generally, the crypto market rewards the most discerning and persistent investors. However, this principle suffers from a few rare exceptions. Sometimes, some manage to pull out of the game by applying a well thought out approach.

From average trader to crypto whale…

For many investors, their history with crypto is usually one of bitter failure, sometimes absolute ruin. Like that of this investor who lost $2 million in the wake of the sinking of Silicon Valley Bank.

Fortunately, this story is not always the lot of all crypto investors. Nova, a crypto analyst revealed on Saturday, May 27, the story of a trader who became a crypto whale in 5 months of activities.

As a reminder, a whale designates, in crypto, a user who alone holds colossal shares of a given cryptocurrency. In any case, enough to have influence on the course of the crypto in question.

This explains why the whale is less often an individual, a natural person. Usually, it is a legal person, such as an institution, a company, or an investment fund.

If our trader, who has become a whale, has piqued Nova’s curiosity, it is precisely because he is an ordinary individual. Trader certainly, but still, a completely average trader who only started in cryptos in January 2023.

A priori, he had no experience to his credit to legitimize this resounding change of status. But then, how can we reasonably explain this transformation in such a short time?

Thanks to a relevant strategy

According to Nova, such operational success is anything but fortuitous. According to Nova, this one is the result of a remarkable strategic intelligence. The analysis of the transactions of the trader identified under the wallet address 0x*************121F760e is quite revealing.

The first thing you can see, Nova points out, is that all the investments he has made are profitable. It’s not that he hasn’t had failures. But we realize, explains the analyst, that his failures are well managed.

The second thing Nova points out is that the trader rigorously applies a simple principle. Never hold cryptos for the long term. Therefore, all the gains made are automatically withdrawn to be reinvested or used for other purposes.

So, thanks to this profit management strategy, our trader was able to earn more than $400,000 in four days! This, for an initial investment of $35,000. His portfolio currently weighs around $578,345 for just $12,000 in losses.

“There are many whales in the market, but not all of them are necessarily good traders. A wealthy person can fill their wallet with cryptos, hold a huge balance, but still be a lousy trader,” concludes Nova.