A sharp-eyed trader has taken the crypto world by storm, turning a modest $70,000 investment into a staggering $7.4 million in just two days, thanks to the explosive rise of Vine Coin (VINE). This remarkable feat, highlighted by blockchain analytics platform Lookonchain, demonstrates the trader’s precision and strategic timing in seizing market opportunities.
Vine Coin’s Meteoric Rise
Vine Coin’s price has experienced an incredible surge, skyrocketing nearly 50% in the past two days alone. This sudden spike can be attributed to Binance’s announcement that it would list VINE futures on its platform. The announcement, coupled with the introduction of the VINEUSDT perpetual contract offering up to 75x leverage, has generated massive excitement, turning VINE into a hot commodity among traders.
Turning $70K Into Millions
Two days ago, the trader took a bold step, investing $70,000 to purchase 14.64 million VINE tokens. This decision quickly paid off, with the trader selling 9.96 million tokens for $2.36 million. The sale locked in an impressive profit of $4 million, while the trader still holds 4.67 million VINE tokens, now valued at $1.73 million.
This guy is very good at trading $VINE, with a ~$7.4M profit!
— Lookonchain (@lookonchain) January 25, 2025
2 days ago, he spent $70K to buy 14.64M $VINE and sold 9.96M $VINE for $2.36M, leaving 4.67M $VINE($1.73M), with a profit of ~$4M.
9 hours ago, he spent $1.69M to buy 13.81M $VINE($5.1M) with another wallet, with an… pic.twitter.com/lvw3ZA0LOB
Doubling Down for Even More Gains
Not satisfied with just one success, the trader made another strategic move. Using a different wallet, they invested $1.69 million to purchase 13.81 million VINE tokens. Within hours, the value of the tokens soared to $5.1 million, leaving the trader with an unrealized profit of $3.4 million. This second wave of trades further showcases the trader’s keen market instincts and ability to ride the momentum of VINE’s explosive price movement.
Binance’s listing of VINE futures has undoubtedly contributed to the token’s dramatic rise. With the futures offering significant leverage, traders have flocked to VINE, pushing its price to $0.2412 and propelling its market cap to $234 million. As Vine Coin continues to gain attention in the crypto world, it remains to be seen how high it can go—especially with traders like this one leading the charge.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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