- Early meme coin investor starts selling as Binance lists the coin.
- On-chain analytics platform Arkham reveals significant profit-taking by a BRETT investor following the Binance listing.
- The investor transferred $1.7 million worth of BRETT to Bybit just before the Binance listing on August 20.
Early meme coin investment pays off big, with investor profiting significantly from Binance listing.
Massive Profits Realized by Early BRETT Investor
According to Arkham’s on-chain data, an early BRETT coin investor saw a substantial profit and decided to liquidate a portion of their holdings. The investor, identified by the wallet address “0x85…528e”, transferred 19.29 million BRETT, valued at $1.7 million, to Bybit shortly before the coin was listed on Binance’s futures market on August 20.
Unprecedented Returns from a Modest Initial Investment
What stands out in this scenario is the sheer return on investment achieved. On February 24, the same investor purchased 96.946 million BRETT for just $178, which was approximately 0.067 ETH at the time. This transaction has now resulted in gains of several thousand percent, translating into millions of dollars.
Impact of Binance Listing on BRETT’s Price
The listing on Binance significantly boosted BRETT’s value, further enhancing the investor’s returns. Prior to its Binance listing, BRETT had already seen considerable appreciation after being listed on the Asia-based exchange Upbit. This rapid succession of listings has catapulted the token’s value, providing substantial profits for early adopters.
BRETT’s Performance and Market Position
BRETT operates on Base, a blockchain platform developed by Coinbase, and has become one of the most popular meme coins in the market. According to CoinGecko, BRETT has surged by 25% in the last 24 hours, trading at $0.09283 at the time of writing. This meteoric rise highlights the high volatility and potential rewards, as well as risks, associated with meme coin investments.
Conclusion
This case exemplifies the enormous returns possible in the volatile world of meme coins, especially when tied to major events like a Binance listing. Early investments, while risky, can yield astronomic profits, as evidenced by the BRETT investor’s experience. Future listings and market movements will be closely watched by both current holders and potential investors, as they seek to capitalize on similar opportunities.
