This Crypto Trader Made Over $800K In Profits After Binance Announced Listing Solana's Meme Coin BONK
Portfolio Pulse from Mehab Qureshi
Binance's listing of Solana's meme coin BONK led to a significant price surge, with an increase of over 1000% within a month. A trader capitalized on this by selling 52.3 billion BONK for approximately $927,000, securing a profit of around $784,000. The trader had initially acquired 69 billion BONK at $0.0000021 per token and staked them from October 30 to November 29. The listing on Binance, along with Coinbase's consideration of BONK for its exploration roadmap and the launch of BONKBot, has contributed to the enthusiasm around the token.
December 15, 2023 | 1:00 pm
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POSITIVE IMPACT
The listing of BONK by Binance and the potential listing by Coinbase, along with community-driven initiatives like BONKBot, have significantly increased the token's value, leading to a substantial price surge.
The direct listing of BONK on Binance and the interest from Coinbase are significant catalysts for the token's price surge. The trader's profit realization demonstrates the impact of these listings on individual investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Solana's ecosystem benefits from the increased interest and price surge in its meme coin BONK, which may positively influence the perception and value of Solana's native token SOL in the short term.
The success of a meme coin like BONK can have a halo effect on the broader Solana ecosystem, potentially leading to increased investor interest in SOL.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80