Animal-Themed Cryptocurrencies Take Center Stage: Hamsters, Roaches, and Snails Charm Crypto Traders

• Bitcoin takes the backseat as new animal-themed tokens make their way into the market. 
• One whale has reportedly made over $400,000 in profit after trading HAMS, an animal-themed asset. 

As newer digital currencies make their way into the market, Bitcoin seems to be taking the backseat. A significant number of cryptocurrencies have been making rounds in the crypto community. These newbies are animal-themed digital currencies, some of which have made investors a fortune.

Some of these assets include Snail Race (SNAILS), Hamsters (HAMS), and Roach (ROACH). Taking to Twitter, one analyst disclosed that a whale wallet successfully made $400,000 in profit after trading with some of these animal-themed assets.

Notably, these assets are largely being traded in decentralized cryptocurrency exchange platforms (DEX). These exchanges, despite receiving pushback from regulatory bodies, are ushering in tons of new animal-themed digital tokens.

The Crypto analyst has identified live trading and betting website tokens like HAMS that helped at least one whale wallet profit as much as $400,000 via a handful of trades.

Analyst highlights the danger of trading Animal-themed assets

The Twitter user Dealer.eth, revealed that the whale carried out the trades on live trading and betting website tokens like HAMS. According to the crypto analyst, the trader is spotted making a smooth entry into the market, as it wasn’t entirely saturated at the time he carried out the purchase.

Additionally, the whale saw the crypto wallet move from $4,400 to $414,000 within a two-day timeframe. The trader in question is also a top holder of the HAMS token. The analyst revealed;

In the past two days, there has been a trending phenomenon on DEX involving strange coins. Coins featuring hamsters, snails, roaches, and other animals have gained significant hype. These coins have experienced over ~10k% growth in the last 48 hours. 

He further noted that the whale was able to get into the trendiest tokens, just before they recorded massive growth. The whale made its biggest profit from trading HAMS, after purchasing 181,446 HAMS, for $5,646. He raked in a total profit of $459,797. Meanwhile, over the weekend, the HAMS tokens also lost 62 percent of their gain within a 24-hour time period.

The wallet also purchased another animal-themed token not long after its creation and inception to the market. The trader bought 361,000 ROACH tokens, at a total purchase price of 2,5 WETH, and secured $138,967 in profit.

Warning about the dangers of trading these assets, the analyst explained that the WETH token used to purchase the token is “not real at this time.”

Only three holders are currently part of the contract. The wheel simile purchased 46 percent of the supply of the ROACH token for fake WETH. The token, at the time of the analyst’s tweet, was trending in DEXs in terms of trading volume and had liquidity of more than $350,000.