Trader Achieved Record Profit with New Altcoins on Binance Alpha

Recently, the volatility in the cryptocurrency market has carelessly captured the attention of investors. The newly listed 黑马 and 老子 tokens on Binance Alpha allowed a trader to make significant profits in a short time. According to data shared by Lookonchain, a trader with the address 0x2b42 made a strategic move by waiting for the launch of these new tokens and spent 293.26 Binance Coin (BNB) to purchase approximately 44.78 million 黑马 and 5.61 million 老子, valued at around $267,000.

After the listing, the trader quickly put most of their holdings up for sale. As a result of their transactions, a total of 44.78 million 黑马 and 366,799 老子 were disposed of for a total of 341.46 BNB. This sales transaction occurred at a value of approximately $310,800. It was reported that 5.24 million 老子 were still held in the wallet after the transactions, valued at about $44,500. When evaluating the total buy and sell transactions, it was revealed that the trader’s profit was approximately $88,000.

The last transaction demonstrated how critical the Binance Alpha listings are for short-term trading opportunities. Especially, the price fluctuations occurring in the first minutes of the listing offer investors a high return potential along with high risk. On-chain data shows that speed and timing are decisive in such transactions, and the investors who make the first move often gain an advantage.