"I made $1.1 million in 30 minutes on an $8 million total position size," A crypto trader who goes by "Tree of Alpha" on Twitter said.
It started when Tree of Alpha noticed someone in the Tree News Discord messaging platform posted that they saw the Dogecoin icon as the Twitter logo. A minute later, the popular crypto news Twitter account DB also tweeted the new Twitter logo, prompting Tree of Alpha to start buying Dogecoin. He bought $3 million worth of Dogecoin, followed by $2 million and a final buy worth $3 million.
His average buying price was around $0.0815 and he exited around $0.095, resulting in over a million worth of profit, he said.
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