Just 30 minutes after Binance announced the listing of $THE, a savvy investor spent 698 BNB (approximately $429,000) to acquire 416,897 $THE tokens.
This bold move has already paid off handsomely, with the holdings now valued at over $1 million, resulting in an unrealized profit of $596,000 (+143%).
About 30 minutes after #Binance announced the launch of $THE, a smart money spent 698 $BNB($429K) to buy 416,897 $THE.
The holdings are now valued at over $1M, with an unrealized profit of $596K(+143%)!
Address:
0x226a4c420d98ffb19718c1d40385d08e34b946d9 pic.twitter.com/ZPQvvlkVnn— Lookonchain (@lookonchain) November 27, 2024
So, what is Thena? Operating as a decentralized exchange (DEX) on the BNB Chain, Thena focuses on providing robust liquidity support for blockchain projects. Utilizing a self-optimizing ve3,3 model, Thena has demonstrated impressive transaction volumes and locked value metrics.
Looking ahead, Thena plans to roll out innovative features, such as cross-chain voting, smart wallets, and the WARP launch platform, to enhance user experience.
In September, Thena announced strategic funding from Binance, further cementing its credibility in the DeFi ecosystem. Users also praise its sleek, user-friendly website, which provides a seamless interface and exceptional user experience.
-这次在冲绳币安训练营 #BinanceCampus 大家都在讨论 $the ，我也是从1.4u看到3.8u，一个台湾博主朋友买了5wu给我羡慕哭了。不过好在我还有空投。
-这是Binance HODLer 空投上线第二个项目 Thena，用 $BNB 申购赚币的方式，获得空投。CZ出来之后，bnb的不断赋能增加，希望 $BNB 能再创新高。… pic.twitter.com/VK8TMrNjeH
— Elizabeth伊丽莎白 (@Elizabethofyou) November 28, 2024
$THE Token Price Action To Monitor Since After Listing
Since its listing, $THE has experienced significant price volatility. Initially priced at $2.45, the token climbed to a high of $4.18 before dipping below $3. It has since rebounded to $3.75, showcasing strong market interest.
Thena (#THE) continues to shine. 🌟
After the stock market listings that took place yesterday, including the BinanceTR exchange, the $THE price was priced at $2.45.
It then showed a serious increase and rose to $4.18. THE price, which fell below $3, moved again and rose to… pic.twitter.com/ICKraNNKzG
— Crypto News Portal (@TerraNewsEN) November 28, 2024
To encourage adoption, an airdrop was distributed to BNB holders before the Binance listing. For a newly listed token like $THE, evaluating its market value is crucial. Currently, Thena’s market cap stands at $300 million. When compared to similar projects, this valuation suggests substantial growth potential, particularly with Binance’s support and its expanding feature set.
As Thena continues to shine, its combination of innovation, strategic partnerships, and market momentum positions $THE as a promising player in the DeFi space. Investors are closely watching its trajectory for further opportunities.
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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