SOTHEBY’S INSIDER MAKES 490X PROFIT ON BAN MEME TOKEN
A trader earned $871,600 in two days on BAN, increasing his deposit by 490 times. He turned out to be an insider who issued the meme token.
According to experts, he purchased 36.27 million BAN for 10.2 SOL ($1,795).
During the first rise in the price of the meme token, the user sold 12 million BAN for $56,900, after which the coin collapsed by almost 90%. However, the trader did not sell the rest in a panic.
He waited for the rally to resume and sold another 6.13 million BAN for $80,700. The user's wallet was left with 18.13 million BAN worth $734,000.
"Everyone can learn from this trader's strategy: instead of selling everything at once in a panic, he sold gradually and in portions after each spike so as not to miss the rally," the analysts noted.
