RARE Behind the Scenes: How Smart Investors Profited Before Binance Listing
On August 15, Binance Futures launched $RARE, triggering a sharp surge in the token’s value. However, data from Arkham Intelligence shows that some major events had already occurred before the official launch.
In the weeks before Binance announced its listing, well-known market maker GSR had been actively accumulating $RARE tokens. Considering that SuperRare’s daily trading volume before listing was only $3,000 to $10,000, GSR’s operation was particularly noteworthy. This accumulation behavior hinted at the upcoming market surge. Sure enough, $RARE’s price soared 200% after its listing on Binance.
Even after the initial surge, $RARE’s funding rate remained at -2%, and the price has soared 180% in the past week. However, the price has fallen 20% in the past 24 hours. Despite the volatility, savvy investors have made huge profits through three key strategies:
Early spot purchases: These investors bought RAREUSDT in the spot market before $RARE was listed on Binance Futures, expecting the price to rise further.
Futures long positions: They went long on $RARE in Binance Futures, riding the upward trend.
Negative funding rate gains: These investors managed to earn additional gains by holding long positions even when the funding rate was negative.
The latest data from Lookonchain shows that just an hour ago, SuperRare Treasury transferred 7.5 million $RARE tokens (worth $1.8 million) to Binance via GSR. This operation is reminiscent of a similar transfer on May 15, when the price of $RARE also experienced a surge.
The listing of $RARE on Binance reveals the strategic layout of market makers and savvy investors who have been preparing in advance to reap huge profits from the rapid growth of the token.
