Meme Coin $MOODENG Surges 100% After Binance Contract Launch, Savvy Traders Cash In-web3.0-php.cn

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Meme Coin $MOODENG Surges 100% After Binance Contract Launch, Savvy Traders Cash In

Mary-Kate Olsen

Oct 28, 2024 pm 09:56 PM

Binance Smart TradersMOODENG Contract Boost

The meme coin $MOODENG has continued its high-energy performance, with Binance's latest contract launch for the token pushing its price up by a staggering 100% on Wednesday afternoon.

Meme Coin $MOODENG Surges 100% After Binance Contract Launch, Savvy Traders Cash In

A lesser-known meme coin, $MOODENG, has seen wild price surges after Binance launched a perpetual contract for the token on Wednesday, leading to a remarkable 100% gain in just a few hours.

This rapid rally attracted the attention of several traders, who wasted no time in capitalizing on the price spikes typically seen after Binance listings.

One trader, known as AXSTF…Fwu25, managed to offload 735,000 $MOODENG tokens, which he had initially purchased on October 16 at $0.0675 per token. He sold the tokens at the new peak price of $0.1345, resulting in a total profit of $49,000 with a return rate just shy of 100%.

Another trader used his expertise in spotting Binance listings to earn an impressive $140,000 in under 20 minutes. Moments after Binance announced the $MOODENG perpetual contract, this trader jumped in, using 1,300 SOL to buy 2.77 million $MOODENG tokens. He then executed a swift sale, earning 2,109 SOL and achieving a substantial gain of 809 SOL (worth $140,000).

This trader is no stranger to profits from Binance’s new listings. In fact, the day before, he made 99 SOL (about $17,000) using a similar strategy when Binance unveiled the $GOAT perpetual contract.

These events showcase how traders can capitalize on the high-speed environment of Binance listings, especially for meme tokens like $MOODENG. As the price surges and traders like these make their moves, it highlights the potential gains and the volatility that come with meme token listings on Binance.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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