Journalist Colin Wu told the story of a trader under the pseudonym Vida, whose fast trading and high profits caught the attention of Binance's risk control department. By the age of 24, he had earned 130 million yuan (~$17.8 million) and is currently operating with 51 million yuan (~$7 million).
On November 11, an unknown address bought 10.9 million Act I The AI Prophecy (ACT) for $320,000 two seconds after Binance announced the token listing. The subsequent rally and fixation brought in a profit of 24 million yuan (~$3.4 million), according to Lookonchain.
The deal took place seven seconds before the exchange posted a message on the Chinese platform, which raised suspicions of insider trading. In response, the account of the BWEnews trading team admitted to being behind the widely discussed transaction. It was based on a note in an English-language source. The speed was the result of a custom algorithm setup, and the operation was overseen by Vida.
His stake was 21 million yuan (~$3 million).
After that, Vida was called "the most influential algorithmic trader in the current bull market." On the Zhihu platform, he said that by now his fortune has reached 130 million yuan (~$17.8 million).#2024withBinance
