2024-11-12 12:45 |
Following Binance’s announcement to list $ACT, several savvy traders quickly moved in, securing substantial profits in a short time.
One notable $GOAT whale spent 5,000 $SOL (valued at $1.04 million) to acquire 3.84 million $ACT at $0.27 per token.
This isn’t the whale’s first big play; between October 21 and October 23, they invested 20,500 $SOL ($3.44 million) to purchase 7.52 million $GOAT tokens, which has yielded an unrealized profit of $2.8 million.
After #Binance announced the listing of $ACT, a $GOAT whale spent 5,000 $SOL($1.04M) to buy 3.84M $ACT at $0.27.
This whale spent 20,500 $SOL($3.44M) to buy 7.52M $GOAT from Oct 21 to Oct 23, with an unrealized profit of $2.8M!https://t.co/UKWrxDnT3a pic.twitter.com/RBZA4lBgf7
— Lookonchain (@lookonchain) November 11, 2024
Another astute trader made an equally impressive move. From October 25 to November 3, this trader invested 2,658 $SOL ($457,000) to buy 17.16 million $ACT.
After the Binance listing announcement, they swiftly capitalized by selling 9.33 million $ACT for 11,945 $SOL ($2.48 million), locking in significant profits while retaining 7.83 million $ACT, valued at $2.74 million. Altogether, this trader has secured a remarkable profit of $4.77 million.
Making $4.77M on $ACT in just 18 days!
From Oct 25 to Nov 3, the trader spent 2,658 $SOL($457K) to buy 17.16M $ACT.
After #Binance announced the listing of $ACT, he sold 9.33M $ACT for 11,945 $SOL($2.48M) to take profits.
Leaving 7.83M $ACT($2.74M), with a total profit of… pic.twitter.com/3dCnPUSWtH
— Lookonchain (@lookonchain) November 11, 2024
Another Trader Sells Off At LossNot everyone was as lucky. A “diamond hand” investor recently sold 1.9 million $ACT at a $36,000 loss. Having spent 509 $SOL ($79,000) to acquire 1.9 million $ACT 23 days ago, they held onto it for 21 days before selling. Ironically, the $ACT they sold is now worth $830,000, meaning a bit more patience could have netted them a $750,000 profit.
A diamond hand sold 1.9M $ACT at a loss of $36K 2 days ago, and it’s now worth $830K!
This diamond hand spent 509 $SOL($79K) to buy 1.9M $ACT 23 days ago and has held onto $ACT for 21 days.
Had he been more patient, he would have made a profit of over $750K!… pic.twitter.com/QKg6tAnFUq
— Lookonchain (@lookonchain) November 11, 2024
In a stunning example of quick profits, another trader leveraged Binance’s listing announcement to turn $318,000 into $3.4 million in just one hour. Seconds after the $ACT listing, they spent 1,558 $SOL to buy 10.9 million $ACT, which surged in value shortly thereafter, showcasing the potential for sharp gains around new listings on major exchanges.
A savvy trader has made over $3M in just 1 hour by monitoring #Binance's new cryptocurrency listings!
Seconds after #Binance announced the listing of $ACT, he spent only 1,558 $SOL($318K) to buy 10.9M $ACT, now worth $3.4M!https://t.co/qvizsWR4kn pic.twitter.com/3DwrvVGjX2
— Lookonchain (@lookonchain) November 11, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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