One “lucky” trader is drawing attention for taking huge profits in just one month by trading a new Dogecoin (DOGE) and Shiba Inu (SHIB) rival.
According to the blockchain-tracking service Lookonchain, the trader racked up about $2.5 million in profits, or a 6,102% gain, by buying and selling Grok (GROK), a token inspired by, but unrelated, to Grok AI, a chatbot service on Elon Musk’s social media platform X.
“This trader made ~$2.5 million (+6,102%) on GROK in one month. Let’s see how he did it.”
Lookonchain says the trader made well-timed Grok purchases and later sold some of the holdings on crypto exchange Gate.io as the memecoin’s value soared. At time of writing, the trader still holds nearly 70 million Grok.
“This trader was very lucky. He/she caught Grok three minutes after opening trading and bought a large amount of Grok at a very low price. In less than 12 hours, he/she had a profit of 140 times, then he/she bought more Grok.
When Grok was listed on (crypto
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