Trader multiplies capital with token that appreciated 13,400%

With new cryptocurrencies being introduced every other day, the market offers a great opportunity to capitalize on the initial launch euphoria. That’s what a trader known as “Mase” did, making $701,000 in two days from a token on Ethervista, an Ethereum decentralized exchange (DEX).

Recently launched, Ethervista aims to compete with Solana’s Pump.fun as a launchpad for new tokens. And the platform has seen strong early success despite adverse market conditions.

Trader Earns $696K on Ethereum DEX

According to data from the Lookonchain platform, the trader adopted the strategy of investing little and making a fortune using newly launched tokens. In this case, Muse invested 2.5 ETH, worth US$ 5,100, and turned that money into 276.5 ETH, worth US$ 701.8 thousand.

The entire operation took place in just two days, during which time the trader purchased 52,822 VISTA tokens, the official token of Ethervista. This platform was launched on September 1st and soon had similar success to Pump.fun, with a large volume in the first few days.

To give you an idea, VISTA appreciated by 13,400% in the two days following the launch of the DEX. And with the success of this platform, the trader’s investment also grew, multiplying by more than 70 times.

Meanwhile, Tron is also maintaining a strong position in the market with new token launches through the SunPump platform. One TRON trader created a fortune of $7.4 million with a $295 million investment in popular memecoins like SUNDOG and SUNCAT on the platform.

Understand the news

VISTA is Ethervista’s newly launched deflationary token whose supply is capped at 1 million. Additionally, it has a burning mechanism along with the token buyback method, which serves to further reduce the supply.

So far, the token has burned more than 2.17% of its supply, which has driven its price to $17.49. Its market cap is $17.1 million, according to data from DEX Screener.

However, the token’s price has reached an all-time high of $28.80, which is a drop of almost 40%. But its current volume is $52.1 million, which reflects the high demand in the VISTA price.

Following the success of the token in the market, the VISTA team recently launched a public testnet. Most importantly, the testnet participant will receive an allocation of the token with the necessary gas fees during the subscription of the wallet.

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