Cryptocurrency Trader Makes Big Fortune in 12 Hours

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The cryptocurrency industry has continued to change the lives of its investors. While Shiba Inu (SHIB) and other meme coins were previously making headlines for doing this, several new assets were bringing in similar gains for investors. More recently, an investor managed to turn a mere $95 to nearly $100,000 within a day.

Also Read: Dogecoin Whales Pocket 1.40 Billion DOGE: 20 Cents Incoming?

Recent data from Lookonchain revealed that a cryptocurrency trader who traded Incept (INCEPT) saw a return of more than 1,000 times, growing $95 into as much as $96,900 in just 12 hours.

But it was revealed that the address might have belonged to an insider. The Lookonchain team pointed out that the addresses entered the market only four days ago and have only traded INCEPT. They “appear to be insider wallets,” given that they are generating gains on INCEPT of about 1,000 times returns.

Also Read: Solana Whale Unstakes $30 Million SOL: Price Dip Coming?

Looking Into INCEPT

It should be noted that INCEPT is a brand-new cryptocurrency. In addition, it is the first of its type based on the ERC-4D standard. According to crypto analyst 0xGCB, it integrates three key standards: ERC-20 (ordinary tokens), ERC-721 (NFTs), and ERC-6551 (token accounts, which act similarly to wallets). The analyst said,

“ After waking up at noon today, I found that the market value of $Incept has soared to nearly 15M. I carefully studied it again. The concept is a bit complicated, but in a nutshell, each INCEPT token can be used as a wallet and can hold a variety of assets (including NFTs, data, and even more INCEPT tokens).”

Currently, INCEPT is trading at about $1,137.06, which represents a rise of 1.48% from the company’s September 25 debut.

Also Read: Ethereum Unlikely To Hit ATH In 2024, 85% Polymarket Traders Bet Against It

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