0.1 ETH turns into 840,000 USD, how did smart money get rich overnight through Base?

BlockBeats
2024-11-30 08:13:34
Collection
Looking back at the end of March this year, it was the peak of the market sentiment following the approval of the Bitcoin ETF, but it was also the beginning of the real rise of the Base ecosystem.

Starting with 100 dollars, this wallet achieved a maximum profit of 912803%.

On March 25 this year, mopzy.eth received 0.026 ETH from a now-abandoned wallet, worth 93.35 dollars, starting this wallet's tenfold journey in the Base ecosystem with a bad trade.

Eight months and 800,000 dollars later, how did mopzy.eth seize the opportunity?

Looking back to the end of March this year, it was the peak of market sentiment following the approval of the Bitcoin ETF, but it was also the beginning of the Base ecosystem's real rise.

The address mopzy.eth did not participate in the DEGEN trading that emerged during the Farcaster craze. On March 28, mopzy.eth purchased HIGHER worth 105 dollars.

Higher was a popular channel on Farcaster, launching its token on March 10. Accompanied by the Degen-driven Farcaster concept coin boom, HIGHER's market cap briefly surpassed 100 million dollars by the end of March.

However, mopzy.eth repeatedly bought and sold in a short time without making money on HIGHER.

On March 29, mopzy.eth bought Sendit worth 142 dollars.

The next day, his first profitable opportunity arrived—meme coin mfer, issued by the founder of mfers NFT.

On the night of its deployment, mfer surged to a market cap of 300 million, and mopzy.eth exchanged all his Sendit for 3,804 mfer, ultimately making a profit of 655 dollars.

Until mid-June, mopzy.eth was trading among meme coins in the Base ecosystem like HIGHER, DEGEN, doginme, and mfer, not frequently and mostly small transactions, keeping the wallet total around 1,000 dollars. He also made a few hundred dollars through Purp and NOUNS.

On June 14, mopzy.eth bought 0.1 ETH of terminal at the opening, and thanks to this trade, his wallet reached 50,000 dollars within a few days.

After selling terminal, mopzy.eth had no particularly remarkable operations for the next few months, just occasionally buying HIGHER.

On September 13, mopzy.eth also bought meme coins like Moodeng or EDOGE on the mainnet, while also trying many new meme assets on the Base chain, but none brought in much for the wallet.

On October 22, mopzy.eth bought 8 LUNA and one VIRTUAL, and in the following days, mopzy.eth immersed himself in the world of Virtual trading. On October 29, his wallet reached another peak of 78,000 dollars.

The turning point occurred on Farcaster.

On November 9, mopzy.eth bought CLANKER worth 0.1 ETH, less than two hours after its opening.

Related article: 《Interpreting Clanker: The Million-Dollar Meme Machine on Base

In the following hours, mopzy.eth continued to buy CLANKER and also purchased the token LUM, jointly issued by Clanker and Higher.

Three hours later, mopzy.eth sold 2,500 CLANKER.

By November 10, 0.1 ETH could only buy 139 CLANKER, and at that time, mopzy.eth's wallet contained a total of 4,485.5 CLANKER.

On November 14, mopzy.eth bought 0.1 ETH ANON, which ultimately brought him over 25 ETH in returns.

Related article: 《Vitalik and Jesse Buy In: What’s the Deal with ANON in the Base Ecosystem?

In the following two days, mopzy.eth bought another 3 ETH of CLANKER, totaling 1,196, and at this point, mopzy.eth's wallet contained a total of 5,681.53 CLANKER.

On November 22, CLANKER's price soared to 35 dollars, and mopzy.eth sold 250 CLANKER. Until November 27, CLANKER rose to 40 dollars, 60 dollars, 70 dollars, and eventually 100 dollars, during which mopzy.eth sold a total of 1,682 CLANKER.

By November 28, when CLANKER's price broke 140 dollars, the total amount in mopzy.eth's wallet reached a historic high of 849,000 dollars.

Who is mopzy.eth outside the wallet?

It can be seen that the owner of the address mopzy.eth is a deeply engaged player in the Base ecosystem, discovering and entering many projects at the first opportunity, which is the fundamental reason for his "wealth."

Searching for mopzy.eth on Warpcast reveals early contributor wijuwiju.eth.

Do you remember the wallet that sent 0.1 ETH to mopzy.eth at the beginning? It had previously received a transfer from wijuwiju.eth.

And mopzy.eth also directly received a 0.1 ETH transfer from wijuwiju.eth.

A small anecdote is that wijuwiju.eth once stated that he bought a large amount of tokens at the opening of terminal but has never sold them, and now chooses to donate 5,000,000 tokens to give back to the team.

Do you remember the second surge in value of mopzy.eth's wallet? It was precisely because he acquired a large amount of low-priced terminal tokens, and mopzy.eth's wallet address was only four minutes later than wijuwiju.eth.

Looking at the operations of mopzy.eth's wallet over the past ten months, it is evident that he has not engaged in any unconventional operations; the most he did was actively try and participate in new things within the ecosystem, and who knows which one might hit the jackpot.

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