An investor known as "SmartMoney" has made a profit of $387,000 from JasmyCoin ($JASMY ) after its price surged by 140%.
Lookonchain, a blockchain analytics platform, revealed the successful transaction on social media platform X (formerly Twitter), highlighting the investor's smart investment strategy.
According to Lookonchain's tweet, SmartMoney initially deposited 20 million JASMY tokens, worth $231,000, into the Binance cryptocurrency exchange.
This deposit was made about 12 hours before the tweet, taking advantage of the price surge. Before the surge, SmartMoney had acquired 71.62 million JASMY tokens at an average price of $0.0063 per token, resulting in a total investment of $451,000.
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