Cointime

Cointime

Download App
iOS & Android

Two Traders Earned Over $200K by Purchasing GNS Tokens Before It’s Listed on Binance

Cointime Official

Lookonchain, a blockchain analytics tool that grabs data from DEXs, has spotted two crypto addresses earned a combined total of over $200,000 by purchasing GNS(Gains Network) tokens before it was listed on crypto exchange Binance.

According to Binance announcement, Binance listed Gains Network (GNS) in the Innovation Zone and open trading for these spot trading pairs at 2023-02-17 11:30 (UTC), withdrawals for GNS opened at 2023-02-18 11:30 (UTC).

The first address bought 26,881 GNS tokens for $208,335 and sold them within hours of the Binance listing for a profit of $106,747.

The second wallet accumulated $500,000 worth of GNS tokens at an average price of $7.38, starting on Feb. 8 and buying more tokens 20 minutes before Binance's announcement.

Gains Network Gains Network $0.46
-2.94%
Binance
Comments

All Comments

Recommended for you

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,996, with a 24-hour decline of 1.15%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $61,000

    Market data shows that BTC has surpassed $61,000, currently priced at $61,005.65, with a 24-hour decline of 3.74%. The market is experiencing significant volatility, so please ensure proper risk management.

  • USDT Surpasses ETH to Become the Second Largest Cryptocurrency by Market Cap

    On June 6, market data showed that USDT's market capitalization surpassed that of ETH, making it the second largest cryptocurrency by market cap. As of now, USDT's market cap stands at $187.034 billion, while ETH's market cap is $184.423 billion.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,995.63, with a 24-hour decline of 4.36%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Spot Ethereum ETF Sees $6 Million Net Outflow

    On June 6, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $6 million yesterday.

  • US Spot Bitcoin ETF Sees $325.7 Million Net Outflow

    On June 6, according to data monitored by Farside Investors, the US spot Bitcoin ETF experienced a net outflow of $325.7 million yesterday.

  • BTC Briefly Drops Below $60,000

    Market data shows that BTC briefly dropped below $60,000, currently recovering to $61,290.9, with a 24-hour decline of 3.5%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Yili Hua: US Stocks Correct as Expected, Decline Faster Than Anticipated

    On June 5, Liquid Capital (formerly LD Capital) founder Yili Hua stated, "As we anticipated, US stocks have begun to correct, and expectations for interest rate cuts have changed. Trading is always the most challenging task; getting it right ten times and wrong once can lead to problems. It is essential to remain cautious and manage risks. The speed of this decline following the rebound has far exceeded expectations. However, it also comes with greater opportunities; historically, bear markets have been the time to make money, while bull markets often lead to losses."

  • Fed's Harker: Maintaining Stable Rates is Reasonable for Now

    On June 5, Fed's Harker stated that it may soon be time to adjust interest rates. Given the uncertainty, maintaining stable rates is reasonable at this time.

  • President Trump: Recent Employment Report is Strong, Stock Market Should Rise, Not Fall

    On June 5, U.S. President Trump stated that the recently released employment report is very strong, and the stock market should rise, not fall. This has been the case for the past 200 years. Economic growth does not mean inflation!

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company