Whale Scores Big: 228% ROI on $1.37M Baby Doge Investment

A crypto whale, going by MrLubd, made headlines by purchasing a massive 1.72 trillion Baby Doge tokens, valued at $1.37 million. This move has already yielded a remarkable 228% return, with the investment now worth $3.14 million. Data from The Data Nerd highlights the transaction and its impressive gains.

Other smart money of $BABYDOGE was detected.

Within 3 years, this one – #MrLUbd accumulated 1.72T $BASBYDOGE for $1.37M (at avg entry $0.0000000008).

Just now, his investment turned into $3.14M (ROI ~ 228%)

Address:https://t.co/ZnoQfg1Dfc pic.twitter.com/KAw5SYKvzS

— The Data Nerd (@OnchainDataNerd) September 17, 2024

PancakeSwap Transactions and OpenSea Connection

The purchase involved a series of transactions on PancakeSwap V2 Pool, each with an outflow of 111.1118 Baby Doge tokens valued between $98.79 and $99.61. These transactions appear linked to an OpenSea account associated with MrLubd. The consistent pattern suggests potential automation or rapid execution, possibly for acquiring or transferring assets on OpenSea.

This move has already paid off handsomely, with the investment’s current value reaching $3.14 million, a remarkable 228% return on investment (ROI).

The purchase was executed through a series of transactions on the PancakeSwap V2 Pool a week ago. These transactions, each involving an outflow of 111.1118 Baby Doge tokens, were valued at approximately $98.79 to $99.61 USD.

Source: The Data Nerd

Inflows suggest a link to an OpenSea account associated with MrLubd, who appears to be the recipient in each case. The consistent pattern of these transactions hints at potential automation or rapid execution, possibly related to acquiring or transferring multiple assets on OpenSea.

Binance Listing Fuels Baby Doge Rally

This substantial investment followed Binance’s announcement to list Baby Doge Coin, alongside Neiro (NEIRO) and Turbo (TURBO), for spot trading. Binance, the world’s largest cryptocurrency exchange by trading volume, opened deposits for these coins an hour before trading began, sparking renewed interest and a swift price rally for Baby Doge.

Read also: New Meme Coins on Binance: NEIRO Dumps, TURBO Soars, BABYDOGE Volatile

The exchange confirmed no listing fees were charged for these assets, and withdrawals will be available starting September 17th, as planned.

Baby Doge’s Current Market Performance

At the time of writing, Baby Doge Coin was trading at $1.79e-9, with a trading volume of $248,629,779 over the last day. The coin’s value has increased by 70.70% over the past 24 hours, bringing its market capitalization to $272,080,813.

Source: CoinMarketCap

The price chart over the last 24 hours reveals initial volatility with minor fluctuations, followed by a notable spike around midday to just above $0.082. After this surge, the price stabilized slightly above $0.0818, indicating a short-term support level and a period of consolidation.

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