One savvy crypto trader has executed five Fartcoin (FARTCOIN) swing trades

One savvy crypto trader has executed five Fartcoin (FARTCOIN) swing trades since mid-March — and all of them were profitable.

A crypto trader has made five Fartcoin (FARTCOIN) trades since mid-March — and they were all profitable.

More precisely, the account associated with the following address: DiKD8kVJpyaZUSNZL4gcuHix6bmG29ELa3XZkQLBYFm4, realized a profit of $669,188 from those trades, according to data from Lookonchain.

However, despite the impressive winning streak, data retrieved by Finbold from Solscan reveals that this trader exchanged all of his Fartcoin — 1,185,436 tokens — for 78,750 Official Trump (TRUMP).

This exchange took place on April 26. At the time of the swap, Official Trump was changing hands at a price of $14.7.

By press time on April 28, the price of TRUMP had risen to $15.37. This latest move to the upside has brought returns in the last seven days to 83.93%.

As such, the crypto trader has already made a 4.55% profit on his investment. However, there’s a strong possibility that profit wasn’t the main focus here.

The 220 biggest Official TRUMP holders will be invited to an exclusive event with the President in May. The swap could be part of a long-term play.

On April 25, one of the top 20 wallets on the leaderboard also executed a large swap in order to retain its ranking. At present, Justin Sun, the founder of Tron (TRX), occupies first place, holding over 1 million TRUMP tokens.

Although the address in question isn’t currently on the leaderboard, the account could easily qualify for a spot with a few more acquisitions of this size.