News

Whale Makes $1.6 Million Profit In Less Than An Hour With $PUMP Trading

Following the opening of trading for $PUMP, analytics platform Lookonchain revealed an impressive feat by a whale in the cryptocurrency market.

In a span of less than one hour, this whale managed to generate a staggering profit of $1.6 million by strategically trading $PUMP tokens.

The sequence of transactions began with the whale initiating a buy order, spending a gas fee of 0.24 $BNB (equivalent to $138) to acquire 375.4 billion $PUMP tokens at a cost of 6,000 $BNB (approximately $3.48 million). 

Subsequently, the whale swiftly executed a sell order, offloading 360.4 billion $PUMP tokens for 8,759 $BNB, realizing a significant profit of 2,759 $BNB (equivalent to $1.6 million). Despite the lucrative gains, the whale retained 15 billion $PUMP tokens, valued at $212,000.

Multiple Notable $PUMP Profits From Whales

In addition to the notable success of the whale, the analytics platform also highlighted the impressive returns achieved by the first sniper to engage in $PUMP trading on-chain. Within a remarkably short timeframe of less than 10 minutes, this sniper managed to earn a remarkable profit of 234%, amounting to 702 $BNB (approximately $407,000). 

Related Post

The sniper initially invested 300 $BNB (equivalent to $174,000) to purchase 45.87 billion $PUMP tokens and promptly sold them for 1,002 $BNB (totaling $581,000) shortly thereafter.

These remarkable feats underscore the dynamic and lucrative nature of cryptocurrency trading, where savvy investors can capitalize on swift market movements to generate substantial profits in a short period.

The success stories of both the whale and the sniper serve as a testament to the potential profitability and opportunities available within the cryptocurrency landscape, attracting the attention of traders and investors seeking to capitalize on market volatility and emerging trends.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: nahumam/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Cheems Surge On BSC Network: A Rising Star With Growing Market Value

The Cheems token on the Binance Smart Chain (BSC) is gaining significant momentum, surging by…

5 hours ago

Lester Token Crashes 40% Following Official Announcement

The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market…

5 hours ago

From $30K To Millions: The Wild Journey Of $Quant And Xiaohaige’s Memecoin Stunts

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin…

5 hours ago

Whale “convexcuck.eth” Makes Bold $CVX Move, Nets Significant Profit Amid Price Surge

The crypto whale known as "convexcuck.eth" has made waves in the DeFi world, spending $2…

5 hours ago

$ELIZA Token Launch Marred By Insider Trading Allegations

The launch of $ELIZA, a token introduced by Andreessen Horowitz (a16z) partner @shawmakesmagic, has sparked…

5 hours ago

Cardano’s Rally Highlights Diverging Moves Among Investors

Cardano ($ADA) has been making waves in the crypto market, breaking away from the altcoin…

5 hours ago