A Lucky Cardano User Successfully Converts 0.5 ADA to a Whooping 25,000 ADA. Here is the Method He Used to Achieve This Feat.

The crypto market is filled with stories of investors making huge returns from modest investments and someone losing a huge fortune during trades.

A fortunate Cardano user managed to convert 0.5 ADA into an impressive 25,000 ADA, thanks to another user's pricing mistake during pool creation. The incident occurred on DexHunter, a Cardano-based decentralized exchange (DEX) aggregator.

According to reports, the lucky user sold 5 Dedium (DEDI) tokens at an inflated price of 4,670 ADA each, resulting in a total trade value of 25,000 ADA. The pricing error was made by another user during pool creation. DexHunter founder Melon highlighted the trade details in a tweet.

Someone just turned 0.5 ADA into 25K ADA by selling 5 DEDI (@DediumNetwork) for 4670 ADA each because of someone's mistake during pool creation🤯🤯🤯

The lucky trade was made possible by DexHunter, a Cardano DEX aggregator known for its real-time routing updates.

Another Cardano enthusiast, Conundrum, also shared the development in an X post, highlighting the user's remarkable trade.

The lucky user managed to turn 0.5 ADA into 25,000 ADA by selling 5 DEDI tokens for 4670 ADA each. The DEDI token was sold at 0.0925 ADA during its presale, which started on July 18, 2024.

Conundrum shared a link to the transaction details, showing that the trade occurred on July 23 at approximately 10:16 AM (UTC).

While the lucky user made a massive return in the trade, Conundrum suggested that someone else got “rekt” in the process. In crypto market terminology, “rekt” signifies a trader being completely ruined due to massive losses from a trade.

This user just turned 0.5 ADA into 25K ADA by selling 5 DEDI for 4670 ADA each.

The price at presale was 0.0925 ADA.

TX Onchain:https://t.co/JRsNZDHkbV

Someone else must've gotten rekt. pic.twitter.com/Wraj2EzVO7

— Conundrum (@Conundrum97) July 23, 2024

Community members initially blamed DexHunter for the pricing mistake, but Dedium, the Cardano-based decentralized GPU gaming network and the project behind the DEDI token, stepped in to defend the DEX.

According to Dedium, the DEX should not be blamed for any mistake, and users should always stick to an order book for trading DEDI. Dedium also highlighted the importance of verifying transactions before confirming them to avoid incurring losses. This trading tip applies not only to DexHunter but also to other decentralized exchanges on Cardano, such as AXO and Sundae.

DexHunter is not to be blamed; our previous tweet was poorly worded. Stick to an order book for trading $DEDI easily, and always verify your transactions and amounts before confirming them, whether on AXO, DH, Sundae, or any other DEX.

— Dedium | Presale 18th of July (@DediumNetwork) July 23, 2024