Trader Nets $3M in Minutes by Snapping Up ACT – Here’s How!
After Binance listed Achain (ACT), a cryptocurrency trader made almost $3 million in only a few minutes. They massive benefitted from the token's massive surge.
In a remarkable display of market savvy, a crypto trader reportedly gained over $3 million within an hour, capitalizing on Binance’s latest listing announcement for Achain (ACT).
How They Traded ACT
Immediately after the exchange announced the listing, the trader quickly purchased 10.9 million ACT tokens, investing 1,558 SOL (roughly $318,000). By the time ACT surged in value, the trader’s holdings had swelled to $3.4 million, showcasing the lucrative potential of real-time trading strategies that leverage major exchange listings.
This high-earning transaction, tracked on Solscan, reflects how fast-paced decision-making can yield substantial rewards. Each transaction’s timing illustrated the importance of rapid response to market news, demonstrating both opportunity and risk in the volatile crypto sector. While high-speed trades carry the potential for sizable profits, they also highlight the dynamic market conditions that traders face with Binance’s frequent announcements.
As Lookchain reported, this same strategy occured on October 25, when a different trader profited $140,000 in under 20 minutes after Binance’s announcement of MOODENG. The trader purchased 2.77 million MOODENG tokens upon Binance’s listing notice and quickly sold them, netting 809 SOL in profit.
A day prior, another $17,000 gain was realized through a similar approach with the GOAT perpetual contract listing. Another anonymous trader generated enormous profits, transforming $727 into an incredible $2.42 million in four days.
Ethical Concerns and Community Reactions
Although the quick gains have sparked praise, they’ve also ignited controversy. “This is insider trading,” user @digiovanniste wrote in response to a recent post on Lookonchain, “Ten minutes before to listing on Binance, this individual made a purchase”.
Users have questioned if these trades indicate insider information or quick public reactions, which has sparked conversations about possible regulatory monitoring. In the cryptocurrency arena, this tactic may serve as an example of the thin line between ethical trading and market knowledge.
These incidents highlight the profitable prospects and moral conundrums associated with quick market movements for viewers of Binance listings.
