3 Early Adopters of GambleFi Have Realized Over $23M in Profits in 2023

GambleFi is the hottest sector in crypto right now, and these three early adopters have been reaping the rewards. They have realized over $23 million in on-chain profits in 2023, and they are sharing their secrets with us.

0x1f

This trader is just trading the on-chain index of recent narrative winners. He believes that gains accrue from being early to the "meta" rather than from fundamentals. He has seen positive net flows of $9 million over the last 6 months, with 60% realized gains primarily coming from ETH, USDT, and USDC. This is likely because the trader rotates on-chain profits back into ETH and then sells ETH through exchanges.

0x7d

This trader is mainly focused on GambleFi and Telegram bots. Over the last 6 months, he has seen positive net flows of $3.3 million with a 24% realized gain, primarily from USDC, DAI, and ETH. This is likely because he rotated profits in a manner similar to the previous wallet.

0xb5

This trader is a true degen. He has successfully traded RLB for a $77k realized gain (60% ROI), as well as LBR, UNIBOT, and WETH. His current holdings include MKR, PEPE, and Uniswap v3 RLB LP.

These three traders are just a few examples of the early adopters who are making big profits in the GambleFi space. If you're looking to get in on the action, be sure to do your research and only invest what you can afford to lose.

• Do your research. There are a lot of scams out there, so it's important to only invest in projects that you believe in.

• Start small. Don't invest more than you can afford to lose.

• Be patient.

• Have fun! DeFi should be enjoyable. If you're not having fun, you're probably doing it wrong.

  
  

I hope this article has given you some insights into the DeFi space. If you have any questions, please feel free to leave a comment below.

Here is a link to the wallets mentioned in the article:

https://app.loch.one/home/64d771e4bfa679a52200bac2

All analysis done using Loch.