Trader Makes $1.14 Million Trading KTA in Just Six Days

Today, Keeta (KTA) made headlines after a trader earned impressive returns following his acquisition of the asset a few days ago. This gain showcases the interesting yet risky rewards in the rapidly evolving crypto landscape.

Trader earns $1.14 million in six days

Onchain Lens brought this remarkable trade into the limelight. Six days ago, the trader spent $124,769 USDC to buy 7.64 million KTA tokens across different wallets. After those six days, the value of the Keeta coins skyrocketed, turning the investor’s initial investment into a remarkable profit. Currently, those 7.64 million KTA are worth $1.26 million, leaving the investor with an unrealized profit of $1.14 million. The investor’s success was a product of methodical planning, continuous tracking of potential tokens and market trends , and a strategy to grab a chance before others.

KTA price updates

Keeta (KTA), a new cryptocurrency launched seven days ago, has been experiencing an impressive upward movement since debut. Its price has been up 882.8% and 49.1% over the past week and 24 hours ago respectively. This surge shows strong market sentiment around the altcoin. The asset’s robustness is also evident by its transaction volume, which is up 16.6% over the previous day. This increase signifies a recent uptick in market activity, surged demand, and rising investor enthusiasm for the project.

The price growth has been pushed by several factors including growing investor interest, significant fund inflows, and rising market cap. Within the past seven days, KTA’s market cap has reached $62.68 million, showing the asset’s growing popularity among both retail investors and whales.

However, big question remains as to whether the asset could maintain this upturn momentum. Its recent airdrop program helped widening the asset’s exposure and attracting users. It also appears that savvy investors are increasingly capitalizing on its staking service, which offers a competitive 55% APY.

Furthermore, KTA’s open interest rose by 4.3% over the past 24 hours, meaning multiple traders are creating options or futures contracts on the asset. This suggests increased interest and market activity in the token as traders are becoming more confident in the asset, anticipating for upturn movement.

The rising accumulation of KTA tokens by small investors and whales is the key catalyst for the price increase. As the market sentiment shifts towards more positive, KTA’s recent price performance shows that the asset could be laying a foundation for a more significant price hike. If the asset can maintain its buying pressure and positive trends, it may surge above its current price.