This Altcoin Investment More Than 4x’d in 48 Hours: Position Value Reached $424,000!
Lookonchain shared that investor OuterHeavyBat’s MASK position reached a value of approximately 4.2x in 48 hours. The dashboard showed the position’s value at approximately $424,000.
According to the data attached to the September 26 post, the investment amount was approximately $101,000, while the position’s value stood at $424,000. The approximately $323,000 increase in value was shown on the dashboard as a return of nearly 319%. This amount is not a profit realized through a sale, but an increase in the position’s value shown in the post.
The dashboard showed the investor holding 18.6 million MASK, while the token’s market capitalization was approximately $22.7 million and the average entry was at a market capitalization of $5.4 million. This puts the scale of the rapid gains in the article in perspective not only in dollar terms, but also in the multiple the position reached in a short time.
