A whale address paid 5.5 BNB in gas fees to buy 9.9 million Hachimi tokens with 264.7 BNB after Binance listed the Hachimi perpetual contract. It later sold 8.39 million Hachimi for $459,000 and held 1.5 million tokens worth $93,300, netting a single-trade profit of $350,000. The address has accumulated $1.78 million in profits from trading on news events, according to Lookonchain.
Lookonchain says one crypto address moved fast right after word got out that Binance would list the Hachimi perpetual contract. It spent 5.5 BNB on gas, used 264.7 BNB to buy 9.9 million Hachimi tokens, then sold 8.39 million Hachimi for $459,000. And it still held 1.5 million Hachimi, valued at $93,300. From this one trade alone, the profit came to $350,000.
And this was not a one-off. The same address has piled up $1.78 million in total profits from trading around news-driven events, showing a strategy built on cashing in when market-moving announcements hit.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
