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<ul><li>Mr. Goxx, the crypto-trading hamster that went viral last month, is starting to capitalize off his early success.</li><li>Mr. Goxx's anonymous business partner has sold NFTs to help fund a larger portfolio and upgrade the hamster's <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> rig.</li><li>Since the hamster's trading journey began in mid-June, it has outperformed the S&amp;P 500 by more than double.</li></ul>Crypto-trading hamster Mr. Goxx is still at it, trading various <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> on a near daily basis and continuing to post strong outperformance relative to the <a href="https://markets.businessinsider.com/index/s&amp;p_500_500">S&amp;P 500.</a>The hamster, which <a href="https://markets.businessinsider.com/news/currencies/hamster-trading-cryptocurrencies-rigged-cage-goxx-bitcoin-price-ether-doge-2021-9">went viral last month</a> and was praised for his trading skills by <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> CEO Elon Musk, is starting to see the benefits of its early success thanks to Mr. Goxx's anonymous business partner who has raised funds by selling Goxx Capital themed NFTs. "We decided to focus on NFTs because it's a very transparent way of supporting Mr. Goxx. On the one hand, these artworks kind of document his journey. And on the other hand, supporters of the project directly get something in return for the engagement," Mr. Goxx's business partner told Insider.Those NFT sales have so far have totaled more than $12,000, according to the <a href="https://opensea.io/mr_goxx?search[sortBy]=LAST_SALE_DATE&amp;search[resultModel]=ASSETS&amp;search[sortAscending]=false&amp;tab=activitytab=activity">activity of Mr. Goxx's Opensea account</a>. That helped fund a tripling of Mr. Goxx's trading portfolio to about €1,700, as well as upcoming improvements to his trading rig, codenamed the "Goxx Capital Headquarters."The upgraded workspace for Mr. Goxx will include better cameras, motion control functionalities, and much more space, the business partner said.Mr. Goxx's office has already seen the installation of a new and improved intention wheel, which is a hamster wheel that Mr. Goxx runs on to choose which <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>currency to trade. Once the crypto is chosen, the hamster runs through one of two "decision tunnels" that trigger either a buy or sell trade.But there is still plenty of work to be done."We cannot tell exactly how long it will take to finish everything as the system is getting much more complex. After construction and programming is done, lots of testing and bug fixing will be necessary," Mr. Goxx's business partner said. Ultimately, the upgraded trading rig should give more insight into Mr. Goxx's activities and provide more interactive elements to the intention wheel and decision tunnels.Whether it will have an impact on Mr. Goxx's solid trading performance remains to be seen.The top three holdings of Mr. Goxx as of Thursday were litecoin, eos, and chiliz. Since the hamster began trading various crypto tokens on June 12, it has generated a time-weighted return of about 18%, according to the <a href="https://twitter.com/mrgoxx" target="_blank" rel="noopener">@mrgoxx twitter feed</a> that documents daily performance, along with every trade made by the hamster.That's more than double the S&amp;P 500's gain of about 8% over the same time period. "Hamster has mad skillz!!" <a href="https://twitter.com/elonmusk/status/1442906126777917442">Elon Musk said</a> last month of Mr. Goxx's trading abilities.

Crypto trading hamster update: New rig, more money, and continued outperformance

<ul><li>A hamster named <keyword id="12174677" type="UNKNOWN" weightage="60" keywordseo="mr-goxx" source="Orion">Mr. Goxx</keyword> has been <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading" source="Orion">trading</keyword> <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword> in a rigged box since June.</li><li>The hamster determines which <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> to buy or sell by running on a wheel and strolling through one of two tunnels. </li><li>Since it started trading on June 12, Goxx's crypto portfolio returned 24% as of Friday.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>A hamster in Germany is redefining "A Random Walk Down Wall Street" author Burton Malkiel's belief that a blindfolded monkey throwing darts at a stock ticker list in the newspaper could do just as good as a human investment professional.The <a href="https://www.twitch.tv/mr_goxx">livestreamed hamster,</a> named Mr. Goxx, has been independently trading a portfolio of various cryptocurrencies <a href="https://twitter.com/mrgoxx/status/1403787767184822288">since June 12,</a> and so far its performance has been impressive. As of Friday, the portfolio was up nearly 24%, according to the <a href="https://twitter.com/mrgoxx">@mrgoxx twitter feed</a> that documents daily performance, along with every trade made by the hamster. Mr. Goxx's performance outpaces <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> and the <a href="https://markets.businessinsider.com/index/s&amp;p_500_500">S&amp;P 500</a> over the same time period.Mr. Goxx's caretaker built the "Goxx Box," a crypto-rigged office attached to its larger home that gives the hamster the ability to perform various exercises that then execute specific cryptocurrency trades. The hamster can enter its office whenever it wants to make trades. First, Goxx runs on the "intention wheel" to pick which one of about 30 cryptocurrencies to trade. Once the crypto is chosen, the hamster runs through one of two "decision tunnels" that trigger either a buy or sell trade of the chosen cryptocurrency.The top cyptocurrencies currently held by the hamster include Tron, Ripple's XRP, cardano's ada, and ether.Goxx's portfolio was funded with the euro equivalent of $390, according to <a href="https://protos.com/crypto-trading-hamster-goxx-outperforms-bitcoin-buffett-wood/">a report from Protos.</a> Mr. Goxx's unidentified caretaker and business partner <a href="https://protos.com/mr-goxx-is-a-crypto-trading-hamster-and-hes-only-slightly-underwater/">told Protos</a> that the trades the hamster makes are automatically set to 20 euro increments. "There are plans to give Mr. Goxx more control and let him intentionally pick his buy amount if the interest in his channel keeps growing," the business partner told Protos.Mr. Goxx has so far generated profits of 77 euros as of Friday afternoon. Its portfolio hit a high of nearly $580 in mid-September, when its performance was up nearly 50% in less than three months, according to performance data compiled by Protos. But since then, the recent <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-ether-altcoins-china-cryptocurrency-ban-transactions-illegal-2021-9">crypto sell-off</a> put a dent into the hamster's profits.But a profit is a profit, and Mr. Goxx likely understands that. "Mr. Goxx is happy to see that some of his investments finally pay off," the business partner told Protos. <div type="image" title="Mr. Goxx's performance as of September 10" height="559" width="611" msid="86508663" hostid="261"></div>

A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June - and it's currently outperforming the S&P 500

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Crypto trading hamster update: New rig, more money, and continued outperformance

Matthew Fox

A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June - and it's currently outperforming the S&P 500

Matthew Fox

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