Crypto News

$ACT Traders Cash In On Binance Listing With Million-Dollar Gains

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.

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.

Another Trader Sells Off At Loss

Not 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.

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.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Leave a Comment

Your email address will not be published. Required fields are marked *

*