An Ethereum wallet under the alias frenulum.eth managed to secure an impressive profit by trading $VISTA tokens. According to a crypto firm data on X, frenulum.eth, in just two days, turned an initial investment of 2.05 $ETH (approximately $5.1K) into a whopping 274 $ETH (valued at $696.7K). This translates to a 134x return on investment, highlighting cryptocurrency markets’ volatile yet potentially lucrative nature.
The successful trade began with the purchase of 52,822 $VISTA tokens, which were acquired at a relatively low cost. Over the next 48 hours, frenulum.eth capitalized on the token’s upward momentum, selling off their holdings for 276.5 $ETH (approximately $701.8K). This swift and profitable turnaround underscores the importance of timing and market awareness in cryptocurrency trading.
$VISTA, launched by the platform Ethervista, has been described as the “pump-fun like platform ETH,” a reference to its rapid and substantial price fluctuations. Recent sources indicate that Ethervista has garnered significant attention, consuming around 150 $ETH in gas fees within the last 24 hours alone. The platform’s inaugural token, $VISTA, saw its price surge by over 15x at one point, drawing in traders and speculators eager to capitalize on its volatility.
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Sources indicate that the first and third largest holders of $VISTA are controlled by a single entity. On September 1, the individual initially spent 10.5 WETH to purchase 79,070 $VISTA tokens. Within two days, they sold 42,100 $VISTA, reaping 170.39 WETH in return. This transaction resulted in a profit exceeding 16x, demonstrating the profitability of well-timed trades within this ecosystem.
Analyzing the price trend of $VISTA, the token is trading at $20.6 at press time, with minor fluctuations observed in recent hours. The price has remained relatively stable, oscillating between $20.595 and $20.605. These levels have established themselves as essential support and resistance points, with $20.595 as a potential support zone and $20.605 as a significant resistance level.
Market activity appears low, with no substantial trading volume reported in the last 24 hours. This lack of movement suggests that traders are cautious, possibly waiting for a more precise direction in price trends. If the price breaks above $20.605, it could indicate a potential upward trend, while a dip below $20.595 might signal a bearish outlook.
