A mysterious crypto wallet created just before billionaire Elon Musk tweeted about a new memecoin has made a massive 2,300% profit.
New data from blockchain tracker Lookonchain reveals that an address released an hour before Musk’s tweet about Milady (LADYS), the memecoin associated with the Milady Maker non-fungible token (NFT) collection, saw massive gains after the asset rose in price.
‘We found a mysterious address.
Taken an hour before Elon Musk tweeted about Milady.
25 withdrawn [Ethereum] ($45,362) from Binance and bought 8 trillion LADYS for $0.000000005652.
No other transactions. Is it a coincidence?”
Launched earlier this month, LADYS was purchased by the address at a price of $0.000000005652 and is trading at $0.000000135961 at the time of writing, up approximately 2,300%.
Lookonchain then draws attention to another savvy LADYS investor who purchased a whopping 2.15 trillion tokens days ahead of Musk’s tweet at a price of $0.000000004035.
According to the data, the trader sold almost half of his stock for a profit of about $302,000, an increase of 35x.
“The SmartMoney bought 2.15 trillion LADYS with 4.7 ETH ($8,679) before Elon Musk tweeted, the purchase price is $0.000000004035.
Then sold 1.09 trillion LADYS for 84 ETH ($153,000) at a price of $0.0000001404 and currently has 1.06 trillion LADYS ($158,000).
The win is $302,000 with a 35x win.
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Featured Image: Shutterstock/Dr. Norbert Lange/Sensvector
