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Trader Nets $2 Million Profit from ‘4’ Token in Three Days

Lookonchain data reveals a trader turned a $3,060 investment into $2 million by selling part of their holdings while retaining $1.88 million in ‘4’ tokens.

BNB

Summary

A trader purchased 16.86 million ‘4’ tokens for 3 BNB ($3,060) and sold 5.12 million tokens for 110 BNB ($118,700). They retained 11.75 million tokens valued at $1.88 million, realizing a total profit of around $2 million in three days.

Terms & Concepts
  • BNB: The native cryptocurrency of the Binance ecosystem, used for trading fee discounts, transaction payments, and as a base asset for token exchanges on Binance.
  • Return on Investment (ROI): A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the initial cost.
  • Lookonchain: An on-chain data analytics platform that tracks blockchain transactions and wallet activities to provide insights into crypto market movements.