This week, a crypto trader made one of the most profitable trades on Binance Smart Chain, turning an initial investment of $3000 into a final profit of $2 million.
According to Dexscreener, wallet address 0x872a spent $3060 in BNB to purchase $16,86 million of the new memecoin, which is trading on PancakeSwap for $4.
As the token rose to its peak, the trader sold 5,12 million $4 tokens for 110 BNB, equivalent to $118,700 at current prices.
Even after taking profits, the trader still had 11,75 million tokens worth approximately $1,88 million, giving him a total profit of $2 million. This represents a 652-fold return on his initial investment.
New tokenThe $4 meme saw explosive trading activity, with over 79,000 transactions and a 24-hour trading volume exceeding $155 million.
Token trading. Source: Lookonchain
Another crypto trader turned a $68,700 investment into approximately $9,4 million in just 48 hours. The trade, initiated on September 30, has earned him a 135-fold gain as of October 2.
These lucrative deals were fueled by the excitement on social media, where traders shared screenshots of the founder’s signature gesture. Binance Changpeng Zhao.