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Crypto Trader Nets $140,000 in Minutes – Here is How

26.10.2024 16:00 1 min. read Alexander Zdravkov
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Crypto Trader Nets $140,000 in Minutes – Here is How

The crypto trading space, with its rapid profits and high stakes, recently witnessed an investor turn $1300 worth of $SOL into $140,000 in just 20 minutes.

According to Lookonchain, this sharp-eyed trader took advantage of Binance’s $MOODENG listing announcement, buying up 2.77 million tokens before their price skyrocketed.

The investor’s strategy, based on spotting early exchange listings of in-demand tokens, netted him 809 $SOL in profits. Shortly after, he repeated this success, earning another $17,000 through a similar tactic with $GOAT tokens.

The so-called “listing strategy” involves identifying tokens just before or as they’re listed on major exchanges like Binance, anticipating that exposure will drive demand.

However, the method isn’t for beginners; it requires meticulous research and the ability to handle high-risk, fast-paced trades. Traders using this approach must monitor listings across multiple exchanges, manage volatility, and navigate technical challenges, as trading surges often lead to delays and liquidity issues.

While the strategy has delivered striking results for some, it demands both expertise and quick decision-making, making it best suited for seasoned traders familiar with the market’s complexities.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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