✨✨Invested One Minute After Binance Announcement, Earned $448,000 ✨✨
An altcoin investor has earned hundreds of thousands of dollars by carefully following the listing announcements of Binance, the world's largest cryptocurrency exchange.
According to data provided by on-chain and analytics platform Lookonchain, a trader buys the coins at low prices, predicting that the prices of the new altcoins that Binance will list will increase.
Binance, the largest exchange in the sector, can cause major movements in the altcoin markets with its new listing announcements. Listing a cryptocurrency project on Binance usually provides access to a wider user base and deep liquidity, which can cause the price to increase rapidly.
Earned over $400,000
According to Lookonchain data, this trader spent 100 Ethereum (approximately $389,000) to buy 2.45 million tokens just one minute after Binance announced that it would list the Velodrome Finance token.
Binance announced this afternoon that it would list Velodrome Finance on its exchange. Users will be able to trade with the USDT pair starting at 17:00 Turkey time.
Velodrome Finance quickly gained value after the Binance announcement, and the value of the tokens in the trader's wallet increased to approximately $837,000. According to the Lookonchain team, the trader earned approximately $448,000 in unrealized profits.
My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who still does not follow me, I would be glad if they do. Please like my articles and posts. Thank you.