A trader just made quite a load of cash from the recent Luna Classic (LUNC) pump, totaling $500,000. However, that individual’s investing journey is far from over with their sights set on Retik Finance.
The LUNC Surge
The past week saw the resurgence of OG altcoins following the massive run of Bitcoin (BTC). One of the tokens benefitting from the event is Luna Classic, which lost much of its value back in May 2022.
LUNC notably went from an all-time high to an all-time low in just over a month from April 5 to May 13, 2022. During that span, it peaked at a whopping $119.18 and tanked to $0.00001675 leaving a lot of losses and bag holders in its rampage.
Last week, LUNC’s revival boosted its value to $0.000275, displaying its highest recovery since it dipped. The recent momentum of the token is bringing back people into its fold while propelling bullish sentiments along the way. This was made more evident when the coin smashed the $2 billion mark in accumulated trading volume.
As of this writing at 8:00 AM UTC, LUNC has retraced to $0.0001813 with a 24-hour loss of 1.69%. This caused its market value to drop by around 0.1% to a total of $1.056 billion within the period. However, trading volume was up by 100% as the coin treaded a $0.000176 low and a $0.0002149 high in the daily frame. Nevertheless, the current numbers are 988% above its record low last year.
Trader Jumps from LUNC to Retik
One of the success stories in the LUNC rally was a trader who cashed out $500,000. Sources didn’t give a lot of details about the identity of the investor but we suspect they got traced from their wallet activities.
So, this particular LUNC backer was seen moving their earnings to Retik Finance by Analytics Insight. The company happens to be attracting a lot of attention lately because of its innovative offerings, especially its DeFi Debit Cards.
These financial instruments function like regular ATM debit cards but with direct links to the owners’ respective wallets instead of bank accounts. They also allow users to transact with merchants who only accept cash by converting their crypto holdings to fiat.
Additionally, crypto debit cards let users earn rewards offered by Retik. This is expected to further drive demand for them as the company eyes global expansion.
One more key feature of Retik’s products and services is their use of artificial intelligence (AI) for enhanced security.
End Notes
The source reported that what’s driving crypto whales toward companies like Retik Finance is their high-risk but high-reward nature. So, anyone reading this should exercise due diligence before deciding to pour their cash into such firms. Nevertheless, this might prove to be a worthy gamble for the anonymous investor because of the impressive utility of Retik’s offerings reinforced by its successful Stage 1 Presale.