Trader Turns $16k into $10,000,000 After Bonk Price Skyrockets Higher – Here’s the Other Coin He’s Watching • Cointacted (2024)

A trader has turned $16,000 into more than $10,800,000 by betting on the recent BONK! ($BONK) price rally.

you know we had to double it

god willing

https://t.co/Jjp29Qm5oM

— The Lab (@LawliettesLab) December 15, 2023

As per a tweet screenshot of his unrealized profit and loss on ByBit, a X user has been raking in huge but still unbooked profits via a 6x leveraged bet on $BONK.

The $BONK price is up around 120% in the past two days, taking its gains in the last just over one month to an astonishing more than 13,000% (i.e. more than 130x).

Its latest pump comes following the token’s surprise listing on Binance, by far the world’s largest cryptocurrency exchange.

Gm @binance

Trading has officially begun
Binance is now on the BONKmas Nice List 🐶🎁 https://t.co/GHUngRe0Qf

— Bonk! (@bonk_inu) December 15, 2023

$BONK, a Solana-based dog inspired meme coin, last had a market cap of around $1.7 billion, making it the third largest meme coin behind Dogecoin and Shiba Inu and ranking it ahead of Pepe Coin.

Hailing @LawliettesLap as “the goat”, an account called @wizardofsoho quipped that this bull market is going to completely next level, before adding that crypto investors are just one trade away from making millions and millions, and that barely $5,000 is needed to get started.

You are literally 1 trade away from making millions and millions. You barely need 5k to get started.

Crypto is fcking INSANE

— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) December 15, 2023

@wizardofsoho is apparently something of a trader himself.

In a recent tweet, he claimed that his usual plan is to make $1,000 a day in the bear market and $20,000 in the bull market.

Pro-Trader Keeping An Eye on This Exciting New GambleFi Coin

@wizardofsoho has been keeping an eye on an exciting new crypto gambling protocol TG.Casino.

Exciting News!!!

We are proud & excited to announce that our KYC has been APPROVED by The Verification Gold Standard, @AssureDefi ✨✅

Taking a step towards solid investor security and transparency.

View our KYC #Certificate:https://t.co/N940WZJsE3 pic.twitter.com/UNCJyHPUSn

— TG Casino (@TGCasino_) November 10, 2023

In November, he praised the protocol for gaining important KYC approval from AssureDeFi.

TG.Casino is a Telegram-based, blockchain-powered GambleFi protocol that has now been live for a few months.

It allows its users to play classic casino games using their crypto and is underpinned by the transparency and decentralization of the blockchain.

@wizardofsoho has been using the protocol going all the way back to October.

The best tg casino $tgc

— 🩸Mr.B🩸 (@bd_lans) October 18, 2023

Dozens of other high-profile and well-known traders have also been praising TG.Casino’s innovative GambleFi platform, which probably explains why its presale has been performing so well.

The protocol has already raised over $4 million via the sale of its native $TGC token.

Early investors are already making yields in the region of 156% (thanks to rewards specifically set aside for $TGC token stakers – all tokens bought in presale are automatically staked).

While this yield will fade over time as more money pours into the presale, $TGC holders will also benefit from TG.Casino’s planned token buyback scheme, which will provide passive income to $TGC token stakers and raise the token’s price through token burns.

Visit TG.Casino Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Have you heard the story of the trader⁣ who turned $16,000 into a staggering $10,000,000 after the Bonk price skyrocketed higher? This incredible success story has ⁢stunned the investment community and has everyone ‍wondering about the next potential‌ opportunity. In‍ this article, we’ll⁢ delve into the details of this astonishing achievement, explore‌ the coin that made this incredible feat⁢ possible, and investigate the other coin ⁣this trader is currently watching.⁢

Bonk ⁢Price ⁤Skyrockets Higher

The story of the trader who turned $16,000⁣ into $10,000,000 ‍began with an‌ investment in ⁢Bonk, a ⁤relatively new ‌cryptocurrency that experienced an unprecedented surge ⁣in price. The trader recognized the potential of⁤ Bonk early on ⁢and decided to invest a significant‍ sum, taking ‌a calculated risk that would soon pay off in a monumental way.

The sudden and substantial increase in the price of⁣ Bonk led to an exponential growth in the trader’s investment, ultimately resulting in a staggering $10,000,000 windfall. This remarkable⁤ success⁢ story ⁤serves as a ‍testament ‌to the ⁤incredible opportunities presented by the cryptocurrency market and‌ serves as a​ source of⁣ inspiration for​ aspiring traders and investors.

The‍ Other Coin He’s Watching

In the wake of his⁣ monumental success with Bonk, the trader has turned his attention to another⁤ promising coin that has​ been generating significant‍ buzz within the cryptocurrency‌ community. While ⁤the identity of this ​coin⁤ has not been ⁤publicly disclosed,‌ there⁢ are several key factors that indicate its⁤ potential ⁤for⁢ substantial growth. Here are⁢ some noteworthy details about the coin the trader is currently keeping a close eye on:

– Innovative Technology:​ The coin boasts innovative technology‍ that ‍sets it apart from other ‍cryptocurrencies, offering unique features and capabilities that have captured the interest of investors and enthusiasts alike.

– Strong Development Team: ‌Backed by a dedicated and ‍skilled development team, this coin has ⁢garnered a reputation for ‍continuous improvement and innovation, signaling ⁢a‌ promising future for potential‍ investors.

– Growing Community Support: The⁢ coin has been steadily ​gaining ‌traction within the ‌cryptocurrency community, attracting a growing number of supporters ​and advocates who ​believe in its long-term potential.

– Market‍ Dynamics: Analyzing ⁢market trends and dynamics, the ⁣trader has ⁣identified key indicators that point toward a ‌substantial⁣ increase in the value of this coin, making ‍it​ a prime candidate for strategic investment.

Practical Tips⁣ for Traders and Investors

For traders and ​investors looking to replicate the success of the individual who turned $16,000 into $10,000,000, there are several practical⁣ tips⁢ and⁤ considerations ⁤to keep in mind. Here are some valuable insights ⁤to guide your investment strategy:

-⁤ Conduct Thorough⁣ Research: Before investing ⁢in any ⁣cryptocurrency, it’s essential to conduct thorough research to understand the technology, ⁣market dynamics, and potential growth opportunities associated with the coin.

-‍ Diversify Your Portfolio: While focusing on promising coins is important, diversifying your investment portfolio ‌can help mitigate‌ risk and maximize potential returns in the‌ volatile cryptocurrency market.

– Stay⁤ Informed: Keep abreast of the latest developments, news, and⁢ trends ⁢within the cryptocurrency space to make informed investment decisions and capitalize on emerging opportunities.

– Risk Management: Implement risk management strategies to protect your investment⁤ and minimize potential losses in the event of market fluctuations.

Case Studies and Firsthand Experiences

The remarkable success story of the trader who turned $16,000 into $10,000,000 serves as a compelling ⁣case ‌study that highlights the incredible opportunities ⁢and potential rewards available within the ⁤cryptocurrency ​market. Additionally, firsthand experiences shared by successful traders and investors can ‍offer valuable insights ⁤and inspiration for⁣ those seeking to navigate the world of cryptocurrency ‍investments.

Conclusion

The⁤ extraordinary achievement of turning a⁤ $16,000 investment ⁢into $10,000,000 by capitalizing on the skyrocketing⁢ price of Bonk has captured the imagination of the investment⁤ community and shed light on the transformative potential of the cryptocurrency‌ market. As traders and investors ‍continue to seek‌ the ‌next ⁢lucrative opportunity, it’s ⁤crucial​ to approach investment decisions⁢ with thorough ‍research, strategic planning,⁢ and a ‌comprehensive understanding ‌of market dynamics. By leveraging⁢ the lessons learned from success ⁢stories and staying attuned to evolving ⁤trends, individuals can position⁢ themselves for potential growth and success within the dynamic world⁤ of cryptocurrency investments.

The phenomenal success of the‌ trader ⁢who turned ​$16,000 into $10,000,000 is ⁢a testament to the remarkable ‌opportunities available ⁤within the cryptocurrency ‍market and exemplifies⁣ the transformative power of ⁢strategic investment ⁣decisions.​ As the investment landscape continues to evolve, it’s essential ‌for ‍traders‌ and investors to remain⁢ vigilant,⁣ informed, and adaptable ​in order to capitalize on emerging opportunities⁣ and navigate market dynamics effectively.‍ With a proactive approach to research, risk management, and strategic planning, individuals can position themselves for potential​ growth and success in the​ dynamic world ⁣of‍ cryptocurrency investments.

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Trader Turns $16k into $10,000,000 After Bonk Price Skyrockets Higher – Here’s the Other Coin He’s Watching • Cointacted (2024)

FAQs

Is 100k cash a lot of money? ›

There's no one-size-fits-all number in your bank or investment account that means you've achieved this stability, but $100,000 is a good amount to aim for. For most people, it's not anywhere near enough to retire on, but accumulating that much cash is usually a sign that something's going right with your finances.

How to grow 100k to 1 million? ›

Buy a low-cost index fund that tracks the S&P 500; your $100,000 could grow to $1 million in about 23 years. You'll get there even faster by investing additional funds. Add $500 monthly and reach $1 million in just 19 years. Of course, past results don't guarantee future outcomes, but history is on investors' side.

Is it illegal to have 100k in cash? ›

Health and Safety Code Section 11370.6 does not criminalize all possession of cash in excess of $100,000. Rather, as indicated by our discussion here, this section is directed at individuals with provable connections to drug activity.

How much money do I need to invest to make $4000 a month? ›

Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.

How much will 100K be worth in 30 years? ›

Answer and Explanation: The amount of $100,000 will grow to $432,194.24 after 30 years at a 5% annual return. The amount of $100,000 will grow to $1,006,265.69 after 30 years at an 8% annual return.

Do 90% of millionaires make over 100K a year? ›

Only 31% averaged $100,000 a year over the course of their career, and one-third never made six figures in any single working year of their career.

How much do I need to invest to make $1 million in 5 years? ›

Saving a million dollars in five years requires an aggressive savings plan. Suppose you're starting from scratch and have no savings. You'd need to invest around $13,000 per month to save a million dollars in five years, assuming a 7% annual rate of return and 3% inflation rate.

How much does 100k cash look like? ›

What does 100k cash look like in person? - Quora. If you're referring to 1000 $100 bills, it's a somewhat significant cubic volume of cash if in one stack. It's about 4 1/2 inches tall, 6 inches long, and 2 1/2 inches wide. It easily fits inside of a typical size shoe box with room for quite a bit more.

What happens if you deposit 100k in cash? ›

If you plan to deposit more than $10,000 at a bank, remember that the transaction will be reported to the federal government. This enables authorities to track potentially suspicious activity that may indicate money laundering or terrorist activity.

What is considered rich in cash? ›

U.S. net worth percentiles provide clearer picture

According to Schwab's Modern Wealth Survey, Americans said last year that it takes an average net worth of $2.2 million to qualify a person as being wealthy. (Net worth is the sum of your assets minus your liabilities.)

Is $100,000 dollars considered rich? ›

The median salary for Americans is around $70,000 a year, according to the most recent census data from 2021. A salary of $100,000 a year, with the assumption that you are an individual without dependents, would classify an individual as upper-class — but many of these people don't feel rich.

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