Discover how one trader transformed 1 ETH into $59K in just 11 hours


In recent developments, a trader has demonstrated a remarkable feat by accruing a significant profit of $59,000 within a mere 11-hour timeframe, starting from an initial investment of 1 Ethereum (ETH), valued at $2,500.

The key strategy employed by the trader involved the utilization of the MINER token, adhering to the ERC-404 token standard, along with strategic execution of high-gas transactions.

The Trader’s Methodology Insights into the trader’s approach were shared by Lookonchain Analytics via a post on X. The initial step involved withdrawing 1 ETH from the prominent cryptocurrency exchange, Binance, followed by an investment of 0.065 ETH ($163) to procure 1073 units of the ERC-404 token, MINER.

Despite the modest initial investment, the trader strategically allocated 0.802 ETH ($2,010) towards gas fees to facilitate the transaction.

Subsequently, the trader expeditiously sold 722 MINER tokens, yielding a return of 19.11 ETH, accompanied by an additional expenditure of 0.5 ETH ($1,244) in gas fees for transaction facilitation.

As of the current period, the trader retains 350 units of MINER tokens, valued at approximately $15,000. Cumulatively, including profits from preceding transactions, the total earnings amount to $59,000.

Trader Profitts $166K in 48 Hours with DeFrogs

This instance is not the sole occurrence wherein a trader has garnered substantial returns through the exploitation of tokens founded upon the novel ERC-404 token standard. Recent records indicate an unidentified investor accumulating over $166,000 within a 48-hour period through the DeFrogs token.

The initiation of the transaction involved an investment of 0.258 ETH ($613) to acquire 100 DEFROGS tokens, incurring a payment of 0.08 ETH ($190). Subsequently, a transaction fee of 0.178 ETH ($423) was applied.

Capitalizing on the escalating value of the token in subsequent days, the trader leveraged the momentum, selling 60 DEFROGS for 27.8 ETH ($67,000). Notably, DEFROGS, a meme coin inspired by the PEPE crypto project, made its debut on February 7, adhering to the innovative ERC-404 standard.

The triumph of these traders underscores the burgeoning prominence of the unofficial ERC-404 token standard within the cryptocurrency domain.

This pioneering standard amalgamates the functionalities of ERC-721 and ERC-20, furnishing developers with a potent instrument to augment liquidity for their projects. Consequently, tokens rooted in the ERC-404 standard are swiftly gaining traction, captivating the interest of cryptocurrency enthusiasts on a global scale.


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Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

Disclaimer: All content found on is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

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