An nameless dealer with the deal with 0x166 just lately executed a particularly profitable commerce by investing within the booming Polkadot competitor, Peapods Finance. According to on-chain information analyzed by Spotonchain, the savvy dealer swapped 25 ETH (roughly $55,000) for 125,963 PEAS tokens on December seventeenth.
Considerably, the dealer unfold their funding throughout two wallets, maybe to diversify danger:
0x075cF48F59a4FcEfc090C1fc62107d9F5a5107ef
0x4ebf823b7b42d177111efef0be5334d1bac1c6cb
Apart from the preliminary funding, the present worth of these tokens now exceeds $800,000. Consequently, the estimated revenue and loss quantities to a powerful $838,000, representing a 1,673% return in about one month.
Moreover, the value of PEAS itself skyrocketed by 4,800% from its low to an all-time excessive reached on January twenty eighth. Therefore, the dealer correctly started locking in earnings by promoting 28,029 PEAS price roughly $151,277 from December thirtieth till now. Nonetheless, the pockets nonetheless holds a large place of 96,605 PEAS, now valued at $783,000.
Furthermore, PEAS could have additional room to run in keeping with latest updates. The token was listed on the Poloniex trade per an announcement from the Crypto Trade Itemizing Bot on the X platform (previously Twitter}.
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Present extra +On the time of writing, Peapods Finance’s PEAS token is buying and selling at $10.39, in keeping with the most recent information from CoinMarketCap. Apart from surging over 12% within the final day alone, PEAS has seen immense buying and selling quantity exceeding $3.4 million over the previous 24 hours. Therefore, substantial curiosity and momentum are driving the previously obscure Polkadot competitor.
In distinction, Polkadot’s native DOT token has headed in the wrong way recently. Polkadot is priced at $6.71, declining practically 3.6% over the identical 24-hour interval per CoinMarketCap.
This dealer’s well-timed guess on the ignored Polkadot challenger PEAS generated life-changing returns over a brief interval. Their continued holdings counsel additional upside if PEAS sees extra adoption.
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