On October 25, COINOTAG reported a notable trading activity involving MOODENG perpetual contracts, as observed by Lookonchain. At the precise moment Binance disclosed the listing, a savvy trader executed a purchase of 2.77 million MOODENG tokens for 1,300 SOL. This strategic acquisition quickly turned profitable, with the trader selling the assets for 2,109 SOL, thereby realizing a profit of 809 SOL, equating to approximately US$140,000. This instance exemplifies the lucrative opportunities presented by timely market entries in the cryptocurrency landscape.
Moreover, the same trader employed an identical strategy during the previous day when Binance announced the GOAT perpetual contracts, resulting in an additional profit of 99 SOL, valued at around US$17,000. Such instances underline the importance of leveraging market announcements and trading strategies to capitalize on price movements, reinforcing the dynamic nature of crypto assets and the profitability of informed trading decisions.