A mysterious digital wallet reportedly achieved an astonishing 1,000% profit following a tweet from the renowned entrepreneur, Elon Musk. The wallet was created just before Musk, who leads Tesla, SpaceX, and Twitter, posted a tweet about a new cryptocurrency project. The tweet caused a significant surge in the cryptocurrency’s value, resulting in the wallet’s massive profit.
The Mystery Wallet
Recently, on-chain data has uncovered a mysterious crypto wallet that appeared just before Elon Musk’s tweet about a new meme coin, Milady Meme Coin ($LADYS).
The identity of the wallet’s owner is unknown, leading to speculations about who could have earned such a significant profit. Some have suggested that it may be a group of investors who were already aware of Musk’s tweet, while others believe it could be an individual who took a risk and invested heavily in the cryptocurrency.
This wallet made a massive profit of 2,300% by transferring 25 Ethereum ($ETH) worth approximately $44,000 from Binance, a significant cryptocurrency exchange, to purchase 8 trillion $LADYS on decentralized exchanges. Interestingly, the wallet executed the purchase an hour before Musk’s tweet, which triggered an increase in the asset’s value.
The LADYS Coin
In the cryptocurrency world, LADYS is the talk of the town. The wallet acquired this recently launched cryptocurrency, which experienced a significant surge earlier this month, reaching an all-time high of $0.000000175. This remarkable increase of over 3,000% caught the attention of many investors.
However, the value of LADYS has since dropped, and it is now being traded at $0.00000006142, indicating an initial gain of 1,000% for the early investor. According to LookonChain, another significant cryptocurrency investor managed to secure about 2.15 trillion LADYS tokens before Musk’s tweet at a rate of $0.000000004035. The data reveals that the investor sold almost half of their tokens, resulting in a profit of around $302,000, a 35-fold increase.