An experienced trader made $140,000 in less than 20 minutes by tracking new listings on the Binance cryptocurrency exchange, according to Lookonchain experts.
At the time of the announcement of the listing of the MOODENG meme token perpetual contract on Binance, a user bought 2.77 million of these coins for 1,300 SOL. 20 minutes later, he sold them for 2,109 SOL, earning 809 SOL ($140,000).
On October 24, using the same strategy, he made 99 SOL ($17,000) in profit trading the GOAT meme token.
MOODENG coin was launched in early September via the Pump.fun platform on the Solana network. The asset is named after a popular baby hippopotamus from Thailand.
Recall that at the end of September, the trader turned $815 into $9.4 million on MOODENG. However, the low liquidity of the coin did not allow him to extract all possible benefits.
