Young trader earns million dollars in 30 minutes trading Dogecoin
Last Updated on 6 November 2023 by CryptoTips.eu
A 25-year-old anonymous trader who regularly posts his trades on Twitter was one of the big winners this week as Dogecoin gained 25% at a certain point thanks to a Twitter logo change. The young man who Tweets under the moniker “Tree of Alpha” managed to make a profit of over $1 million in just 30 minutes buying and selling Doge. How did he do it?
April Fools
When Tree of Alpha heard on social media platform Discord that Twitter had changed its logo to the famous Shiba Inu dog, he immediately knew he had a unique opportunity. From all his trading accounts, he started buying as much Dogecoin as he could for a total amount of $8 million in successive trades. The average purchase price he paid was about $0.0815. Some 30 minutes later, Doge was already at $0.095 and the young trader had made a profit of $1.1 million.
Only in Crypto I can make 7 figures because Elon changed the Twitter logo to a Doge icon only to spend my evening withdrawing my funds because of rumors started in Telegram channels and a SHA256 hash. pic.twitter.com/HgkFgYoPS4
— Tree of Alpha (@Tree_of_Alpha) April 3, 2023
Many of his friends asked him why he didn’t wait a bit longer and the trader replied that he wasn’t sure if it was a belated April Fool’s joke and if Elon wouldn’t tweet something soon that would push the price down.
7/ Some of the factors that made me exit around the 0.095 mark were:
— Tree of Alpha (@Tree_of_Alpha) April 4, 2023
-There was still a chance of a late April Fool's joke
-I had to go take a walk on my treadmill and cook
-Elon could have tweeted something debunking the whole thing like he has done before.
-it is a lot of money
Trading Diary
Tree of Alpha lives in Western Europe and started trading crypto in 2017. He admitted that he only started making a profit when he started trading ‘events’ rather than waves and keeping a daily trading diary.
In any case, a very nice profit for half an hour of trading, of course. On the other hand, stories like these only help the lawsuit that another group of traders has started against Tesla CEO Elon Musk for illegally ‘pumping’ and subsequently ‘dumping’ Dogecoin.
