Among the most important news in the world of Bitcoin and altcoins is the listing of cryptocurrencies by exchanges. The listing of each cryptocurrency often means price increases. Those who benefit the most from these price increases are early investors of the cryptocurrencies or those who buy before the price surge begins. Today, we have a move from a smart investor. Let’s look at the details.
With a strategic move, an investor named 3RieT captured the opportunity right after Binance announced the listing of BONK and caused a significant sale of 48 billion BONK tokens. The savvy investor wisely used the revenue to convert it into 17,870 SOL, reaching an impressive sum of $1,360,000.
The success story of 3RieT goes beyond this recent move. The smart investor embarked on a calculated journey by accumulating a total of 371 billion 400 million BONK from February 10 to November 8. They spent a total of $276,000 for this strategic accumulation.
Estimated Profit Exceeds $9 Million
The cumulative effect of these moves raised 3RieT’s estimated profit to an extraordinary figure of over $9 million. This demonstrates not only the smart investor’s sharp market understanding but also the lucrative potential within the crypto environment.
3RieT’s particularly adept navigation of the crypto market around the BONK listing highlighted the profitable opportunities available for investors who act strategically. As the crypto world continues to evolve, such success stories become a testament to the potential gains that await those with a calculated and strategic approach.
Of course, such maneuvers do not always result in profits of this magnitude. There can be moves that involve losses at times. The reason why the crypto investor’s profit is high has to do with the amount of money they put into the market. When the amount is large, the profit inevitably becomes significant as well.
Lastly, the current price volatility of the cryptocurrency BONK again indicates an uptrend. At the time of writing, BONK is trading at a price of $0.00002936. With this price, BONK has also raised its market value to $1.8 billion. It remains to be seen whether the cryptocurrency BONK, which has been eliminating zeros to the right of the decimal, will slash another zero in the coming days.