Crypto News

Smart Money Address Profits $410,000 In 8 Hours With PANTIES Investment

A smart money address, identified as B2egt…3VyLY, has made an impressive profit of $410,000 within just 8 hours by investing 300 $SOL to purchase PANTIES tokens, boasting a remarkable return rate of 1157%.

The address initially purchased 66.68 million PANTIES tokens at a price of $0.000536 each immediately upon the token’s launch. Subsequently, the investor sold off all acquired tokens in batches during a rally, resulting in a profit of 2350 SOL.

Another trader, who previously earned $3 million on $SLERF, capitalized on the PANTIES craze by making an additional 1,767.5 $SOL ($313K) profit with a mere 30 $SOL ($5K) investment today. 

This trader utilized a new wallet to purchase 31.57 million PANTIES tokens with 30 $SOL and then sold 31 million tokens for 1,797.5 $SOL, yielding a profit of 1,767.5 $SOL.

PANTIES Records Massive Price Appreciation 

Additionally, the trader used their main wallet to invest 600 $SOL ($106K) to acquire 6 million more PANTIES tokens, opting not to sell them immediately.

According to data from dexscreener, the market capitalization of PANTIES currently stands at $5.2 million, reflecting an extraordinary 5000% surge in the past 24 hours. However, the token has experienced a significant 56% decline in value over the past 6 hours and is currently trading at $0.0076.

This rapid and volatile price movement underscores the speculative nature of cryptocurrency investments, where traders must navigate through extreme fluctuations in value to capitalize on potential profit opportunities. 

As PANTIES continues to attract attention and undergo rapid price swings, investors remain vigilant, closely monitoring market trends and seizing opportunities for profitable trades.

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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Image Source: peshkov/123RF // Image Effects by Colorcinch

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