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An Investor Made $56 Thousand in 8 Minutes: Here's That Altcoin He Bought!

source-logo  en.bitcoinsistemi.com 01 March 2024 17:19, UTC

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.