A remarkable financial move by an anonymous investor has captured attention in thecryptoworld.
This investor, identified by the wallet address 0x11e1…7525, initially invested 91.5 ETH, roughly $171,000, in the altcoin Keeta (KTA) three months ago. The value of this investment has soared to $9.3 million, representing a staggering 5,400% return. The purchase price of $0.23 per KTA reached an all-time high of $2.14 but is now trading at around $1.58. The transactions executed on the Base Blockchain, along with increased DeFi interest, have turned this story into a notable case study. The investor’s decision not to sell any coins yet leaves many speculating about potential exit strategies.
Bold Investment Strategy Delivers High Returns
On-chain data reveals that the initial acquisition occurred during the first KTA wave on February 26. At that time, Base network’s new projects were attracting significant interest in the market. According to Lookonchain’s data, the bulk purchase at $0.23 was a primary factor that drove the price upward due to limited liquidity in those early days.
Throughout March and April, the price of KTA coin experienced a steady rise while the investor maintained assets in a cold wallet. By May 23, the altcoin peaked at $2.14, soaring past its previous values. The investor’s return exceeded 54 times the initial value, placing them among the select few in the Base network with such a high yield from a single transaction.
Key Factors Fueling KTA Demand
As the native asset of the Keeta Blockchain, KTA benefits from Base’s scalability, offering a mix of speed and low fees. Developers have introduced liquidity mining programs within the Base environment, leading to increased Total Value Locked (TVL) and renewing interest in the coin.
In the past 24 hours, the price rose by 12.4%, reaching $1.58, while trading volume surged to $34.7 million, up 32%. This performance indicates a strong ongoing demand among investors, fueled by the narrative of the “new Layer-2 coin,” positioning KTA as one of the most active altcoins on Base.
Uncertain Timing for Investor’s Exit
Wallet activity confirms that all 6 million KTA coins are still held. This suggests either a long-term belief in the asset or anticipation of speculative targets at higher levels.
However, potential sale pressure is closely monitored as volatility might increase following such high returns. The investor’s eventual sell-off could test trust in the Keeta ecosystem and serve as a precedent for other Base projects.
