Trader Makes $7.4M In Profit From Trading VINE Coin! Price Jump By 50%
A sharp-eyed trader has taken the crypto world by storm, earning a staggering $7.4 million in profits from trading VINE tokens. Blockchain analytics platform Lookonchain highlighted this trader’s remarkable strategy and ability to seize market opportunities with precision.Vine Coin’s price has surged nearly 50% in the past two days, fueled by Binance’s announcement of a futures listing for the cryptocurrency. This rapid rise has turned VINE into a hot commodity for traders.Turning $70,000 into MillionsTwo days ago, the trader made a bold investment of $70,000 to buy 14.64 million VINE tokens. This decision paid off quickly as they sold 9.96 million tokens for $2.36 million, locking in a substantial profit.This guy is very good at trading $VINE, with a ~$7.4M profit!2 days ago, he spent $70K to buy 14.64M $VINE and sold 9.96M $VINE for $2.36M, leaving 4.67M $VINE($1.73M), with a profit of ~$4M.9 hours ago, he spent $1.69M to buy 13.81M $VINE($5.1M) with another wallet, with an… pic.twitter.com/lvw3ZA0LOB— Lookonchain (@lookonchain) January 25, 2025Despite selling a large portion of their holdings, the trader still holds 4.67 million VINE tokens, now worth $1.73 million. This first wave of trades netted the trader an incredible $4 million profit.Doubling Down on SuccessNot stopping there, the trader made another move just nine hours ago. Using a different wallet, they invested $1.69 million to purchase 13.81 million VINE tokens.In just hours, the value of these tokens rose to $5.1 million, giving the trader an unrealized profit of $3.4 million. This second wave of trades showcases the trader’s keen market instincts.Binance Announces Listing for VINEVine Coin has recently gained attention in the crypto world with significant price growth and a new listing. On Friday, its price surged by nearly 60% after Binance announced a futures listing for the token.According to Binance, its futures platform introduced the VINEUSDT perpetual contract, offering users up to 75x leverage. Following this announcement, Vine Coin’s price saw a remarkable 50% increase and is now trading at $0.2412, with a market cap of $234 million.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.