11 hours ago

Smart Trader Nets Over $16M in Profits with Strategic Investments

A savvy crypto trader has caught the market’s attention with impressive gains totaling over $16 million through early and strategic investments in several tokens. Here’s a breakdown of their trading success and current positions. $ai16z: A Monumental 16,564% Profit This trader spotted the potential of $ai16z early, entering the market on October 25, 2024. They initially purchased 13.45 million $ai16z for $70,000 and later added 7.45 million tokens for $547,000. Currently holding 6 million $ai16z worth $11.04 million, this position has yielded a jaw-dropping profit of $11.5 million, marking a 16,564% return. $GRIFFAIN: Strategic Buy and Sell When $GRIFFAIN’s market cap was under $8 million, the trader invested $125,000 to acquire 8.05 million tokens. They later sold 3.05 million tokens for $1.22 million, locking in substantial gains. Currently, the trader holds 5 million $GRIFFAIN valued at $2.22 million, bringing their total profit to $3.32 million, a 2,648% return. $ZEREBRO: Early Entry, High Returns The trader also identified $ZEREBRO’s potential at an $11 million market cap, investing $295,000 to buy 6.45 million tokens. Selling 1.4 million tokens for $697,000, they now hold 5 million tokens worth $1.98 million. This position has generated a profit of $2.38 million (+808%). What a smart trader! $11.5M profit on $ai16z(+16,564%). $3.32M profit on $GRIFFAIN(+2,648%). $1.98M profit on $ZEREBRO(+808%). 9 hours ago, this whale added more to his $AVA position. 1/ Let`s dive deeper into his trades. pic.twitter.com/VyoiGfeQig — Lookonchain (@lookonchain) January 8, 2025 Accumulating $AVA Over the past week, the trader has been accumulating $AVA, buying a total of 2.17 million tokens for $333,000. This position currently shows an unrealized profit of $120,000, with the latest purchase made just nine hours ago. This trader’s strategic approach and timely market entries underscore the importance of spotting opportunities early and executing disciplined trades. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: thvideo/ 123RF // Image Effects by Colorcinch

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Oklahoma Senator Introduces Bitcoin Freedom Act to Boost Crypto Adoption

Republican Senator Dusty Deevers of Oklahoma has proposed SB325, the Bitcoin Freedom Act, a bill designed to integrate BTC into Oklahoma’s economy by allowing employees to opt for Bitcoin as a payment method and enabling businesses to accept such transactions. Deevers framed the proposal as a response to inflation, which he said undermines the purchasing power of Oklahomans. He highlighted Bitcoin’s potential as a hedge against inflation due to its fixed supply and decentralized nature, contrasting it with traditional currencies impacted by monetary policies. Bitcoin as Paycheck? Interestingly, the bill in question promotes voluntary participation and aims to boost financial flexibility for employees and businesses while positioning Oklahoma as a leader in financial technology. Citing Bitcoin’s growing acceptance, Deevers highlighted the crypto asset’s mainstream relevance and alignment with free-market principles. “There is a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events. Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future. This legislation puts Oklahoma in a leadership role nationally, ensuring our state embraces the future of financial technology while providing our citizens with more financial options.” SB325 will be considered in the upcoming 60th legislative session starting February 3. The latest development comes after Oklahoma Governor Kevin Stitt signed a landmark bill last May, creating a legal framework for blockchain technology and digital assets. The legislation prevents government restrictions on the legal use of digital assets, bans additional taxes on crypto payments, and legitimizes digital asset mining, with noise ordinances applying to both residential and industrial zones. Other jurisdictions, such as Texas , Louisiana, Montana, and Arkansas, have passed similar laws safeguarding crypto mining as well as custody rights. Meanwhile, Deevers’ proposal reflected a broader movement among US states to adopt Bitcoin-friendly policies as they push forward with their own ambitious crypto initiatives. Bitcoin Push Ohio Representative Derek Merrin recently unveiled House Bill 703, the Ohio Bitcoin Reserve Act that allowed the state treasurer to invest public funds in Bitcoin. Citing concerns over dollar devaluation, Merrin deemed Bitcoin to be a revolutionary tool for preserving financial value and strengthening Ohio’s fiscal framework. The legislation, though non-mandatory, enables strategic allocation decisions involving Bitcoin. A similar move was seen in Pennsylvania as well as Texas. The post Oklahoma Senator Introduces Bitcoin Freedom Act to Boost Crypto Adoption appeared first on CryptoPotato . NullTx