An altcoin launched by Binance-supported decentralized exchange immediately earned a $1.6 million profit for an investor.
According to the on-chain data platform Lookonchain’s tweet on March 25, an investor made approximately $1.6 million in 1 hour.
The altcoin called PUMP, which was offered in a pre-sale by the Binance-supported decentralized exchange (DEX) BakerySwap, immediately earned a $1.6 million profit for an investor who made a quick purchase.
The investor spent 0.24 BNB in transaction fees totaling $138, outpacing competitors to make the fast purchase. The trader who purchased 6,000 BNB worth of 375.4 billion PUMP became its owner.
Shortly after, the investor sold 360.4 billion PUMP for 8,759 BNB, earning $5.08 million. The total profit for the investor was $1.6 million.
The trader currently holds $212,000 worth of 15 billion PUMP.
