Cryptocurrency Trader Amasses Significant Wealth in a 12-Hour Windfall

Investors in the cryptocurrency sector continue to witness life-altering financial shifts. While meme tokens such as Shiba Inu (SHIB) have historically grabbed the spotlight for their surprising profits, a spectrum of fresh digital assets have been delivering equivalent returns. A case in point involves an investor multiplying a modest investment of $95 into close to $100,000 in a single day.

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A recent report from Lookonchain indicates that a savvy crypto trader dealing in Incept (INCEPT) achieved astounding returns over 1000-fold, ballooning $95 into a staggering $96,900 within a mere 12-hour stretch.

However, investigations have hinted that the wallet used for this transaction may have been under the control of someone with inside knowledge. The Lookonchain researchers observed that this wallet, which appeared just four days prior, partook solely in INCEPT trades and thus “seem to be insider wallets,” given their extraordinary returns of roughly 1000-times on INCEPT investment.

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Delving into INCEPT

INCEPT emerges as an innovative cryptocurrency, distinguished as the first to adopt the ERC-4D standard. Crypto expert 0xGCB highlights that INCEPT unifies three established standards: ERC-20 for standard tokens, ERC-721 for NFTs, and ERC-6551 for token accounts akin to wallets. The analyst commented,

“Upon rising today at noon, I discovered INCEPT’s market value had soared to almost 15M. A closer reexamination reveals a complex concept; simply put, an INCEPT token doubles as a wallet, capable of holding various assets such as NFTs, data, and additional INCEPT tokens.”

As of the current update, INCEPT’s trading price is approximately $1,137.06, witnessing a modest 1.48% uptick since its launch on September 25.

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