en.bitcoinsistemi.com
While Binance, the world's largest cryptocurrency exchange, continues to affect prices with its altcoin listings, it made its last listing decision for the altcoin named Axelar ($AXL).
While this decision caused a significant increase in the price of $AXL, a smart investor who took advantage of this listing news earned $ 56,000 in eight minutes.
According to Lookonchain's post, he bought $AXL immediately after hearing about Binance's $AXL listing and sold the AXLs he bought exactly eight minutes later.
He earned $56,000 from this short-term trade.
“A trader quickly spent 500K $USDT to buy $AXL 1 minute after Binance announced that it was listing $AXL.
He then immediately sold his AXLs and received 56,000 $USDT.
He made 56,000 $USDT in just 8 minutes!”
$AXL, which has increased by up to 80% in the last 24 hours, continues to be traded at $ 2.03 with a 31% increase at the time of writing.
This trader quickly spent 500K $USDT to buy $AXL 1 minute after #Binance announced the listing of $AXL. #Axelar
Then he sold $AXL immediately and got 556K $USDT.
He made 56K $USDT in only 8 minutes!https://t.co/aRv3EV3LUq pic.twitter.com/leHUVfi3Mr
— Lookonchain (@lookonchain) March 1, 2024
*This is not investment advice.