Crypto Trader Rides 17,000% Surge to $780k in Just Two Hours

A cryptocurrency investor, known only by their handle '0xbebb', has made headlines after turning an initial investment of $4,400 into a staggering $780,000 in just two hours.

The investor used USDC stablecoin to accumulate approximately 18.6 million 4Stock cryptocurrency during the surge, which resulted in a 17,000% increase in value.

This is not an isolated incident, as multiple traders have been making rapid profits on often obscure coins and tokens this summer, including one who turned $875 into $797,000 in two days trading MarsCoin (MARSCOIN) in July, and another who made $282,000 by following the activities of Binance's Changpeng Zhao and trading Marscoin (MARS).

However, it is worth noting that there exists a certain survivor bias, as recent months have also seen numerous traders liquidated.