South Korean Company Had Bought a Load of This Altcoin: Sold It for 250 Times Profit
🚀 South Korean gaming giant NCSoft has struck gold with its investment in SUI tokens! According to a recent report, NCSoft made over 250 times its initial investment by selling 16,908,112 SUI tokens, raking in 2.52 billion won (about $1.9 million).
Here's how it happened: NCSoft originally bought 49,992,806 SUI tokens last year for just 300 million won (about $226,000), when each token was priced at 6 won. Recently, they sold a portion of these tokens at 1,490 won each, capitalizing on a significant market price increase.
While the company still holds around 50 million tokens, most of them are under restriction until 2025 and 2026. Only 447,345 tokens are currently freely tradable.
NCSoft's move highlights the potential gains in cryptocurrency investments, showcasing how strategic timing and market conditions can lead to substantial profits. 📈💰
*Disclaimer: Not investment advice. Always do your own research before investing.
