Binance listings, which have caused significant price movements in the crypto market, have recently caused a significant increase in the CETUS token.
Following Binance’s announcement of listing CETUS, the token’s price increased by 70 percent. Taking advantage of this development, a whale named “Igris” made a huge profit with his investment.
According to Lookonchain data, a whale named “Igris” spent a total of $1.1 million to purchase 6.19 million CETUS tokens through two different wallets between September 21 and October 14. With the rising prices following Binance’s listing news, the value of these tokens reached $1.9 million, and the whale has now made a profit of $800,000, or 72 percent.
Such strategic investments once again demonstrate how whales benefit from market movements. “Igris” gained a position with huge profit potential thanks to his investment by predicting the listing decisions of major exchanges like Binance.
While Binance listings are known to often cause price fluctuations, it is noteworthy that whales are making huge profits by taking advantage of such opportunities in relatively new projects such as CETUS.
Stay tuned.