Trader 0x602 Scores Massive 202% Profit on BANANA
A savvy trader, identified by the wallet address 0x602f2cff76a60efb311c63787cbf82a83dbca38f, has just cashed in on a highly profitable BANANA trade.
Within the past 16 hours, the trader sold off the first 7,500 BANANA tokens from their holdings, receiving more than 122.4 ETH in return. This sale translates to an average selling price of $57.96 per ETH.
The impressive part of this trade lies in the trader's acquisition cost. Between February 10th and July 7th, 2024, they accumulated a total of 10,072 BANANA tokens using just 75.72 ETH. This equates to an average purchase price of only $19.28 per ETH, or a total investment of approximately $194,000.
By selling off the initial 7,500 BANANA tokens, the trader has realized a profit of more than $319,000. Considering their total investment, this represents a staggering return of 202%.
The trader still holds 2572 BANANA tokens, currently valued at $136.992K. This remaining position has the potential to further increase the trader's overall profit.
