CandleFocus Crypto Trader Earns $790K Following $DEGEN PERPS Listing on Binance: Lookonchain
2024-11-16
Author: Content Editor
A crypto trader has made a profit of over $790,000 after selling $DEGEN PERPS tokens following their listing on Binance. The trader sold 6.43 million $Degen tokens for 70.78 ETH, earning them $790,000. They had purchased 140.71 million $DEGEN tokens for 934 ETH between April and May 2024. Some speculate that the trader may have had insider information, but Binance has strict policies against insider trading. The price of $DEGEN rose by 46% to $0.02981 after its listing on Binance. The overall rally in the crypto market, driven by Bitcoin's surge to $93,000 and the launch of new cryptocurrencies, has contributed to the price increase.
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