According to the cryptocurrency analysis firm LookOnChain, one lucky trader turned $135 into $1.2 million in just 15 days with a new crypto called Terminus. The trader’s portfolio grew by about 888,788.89%, or around 9000x. The asset has rallied by nearly 50% in the last 24 hours.
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What Did The Cryptocurrency Trader Invest In?
The token that got the trader their 9000x return is called Terminus (TERMINUS). The asset is inspired by Elon Musk’s comment on the first city on Mars. The tech billionaire said that the first city on the red planet could be named Terminus.
DogeDesigner, a Dogecoin-focused X user, shared Musk’s quote on the social media platform. While Musk has not personally endorsed the cryptocurrency, DogeDesigner’s post may have pushed the asset’s price.
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On Sept. 8, 2024, the trader spent $135 to buy 3.46 million TERMINUS tokens. The project’s market cap grew from $3.5 million to $35 million, and the trader’s portfolio soared to $1.2 million in just over two weeks.
Can You Still Make It Big With Terminus?
Several new cryptocurrencies are launched every day. One of the most significant concerns for the crypto sector is the prevalence of scams and rug pulls. Although the Terminum project may be completely safe, investors are not guaranteed to be protected.
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The trader who turned $135 into $1.2 million may have had their eyes open for new projects waiting to skyrocket. Making it big in the cryptocurrency sector in a short time involves many risks.
Over the last few years, investors have collectively lost billions of dollars to rug pulls and scams. While massive gains seem very attractive, investors should exercise caution and do their due diligence before investing in new cryptocurrency projects.