Three Traders Earn $490,000 Profit from AGENT Token Launch

According to Lookonchain, three blockchain 'snipers' achieved an 87-times return on the newly launched AGENT token after initial investment in Binance Coin (BNB).

BNB

Summary

Lookonchain reported that three traders collectively gained approximately $490,000 from the AGENT token after its launch. On March 4, they invested 8.8 Binance Coin (BNB), worth about $5,628, to acquire 628.83 million AGENT tokens, representing roughly 62.88% of the total supply. They later sold 570.12 million tokens for 610 BNB, equivalent to around $390,000, and retained 58.7 million AGENT valued at over $106,000. The activity reflects a typical crypto 'sniping' strategy—rapidly purchasing tokens during launch to capitalize on early price movement.

Terms & Concepts
  • BNB (Binance Coin): The native cryptocurrency of Binance used for transaction fees and trading activities.
  • Sniping (crypto trading strategy): A method of quickly buying tokens immediately after launch to gain from initial price surges.
  • Token launch: The initial public release of a new cryptocurrency on a blockchain or exchange.