Savvy Trader Turns $70K Into $7.4M as VINE Coin Surges 50% After Binance Futures Listing

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A seasoned crypto trader has made headlines after earning a staggering $7.4 million in profits from trading VINE tokens, demonstrating an exceptional ability to capitalize on market opportunities. The incredible windfall came after Binance announced the futures listing of VINE, triggering a 50% surge in the token’s price.

Two days ago, the trader invested $70,000 to acquire 14.64 million VINE tokens. In a calculated move, they sold 9.96 million tokens shortly after for $2.36 million, locking in a significant profit while retaining 4.67 million tokens valued at $1.73 million. Altogether, this first set of trades brought the trader an impressive $4 million profit.

The story didn’t end there. Just hours ago, the trader doubled down, this time using another wallet to purchase 13.81 million VINE tokens for $1.69 million. As of now, the value of this new position has soared to $5.1 million, resulting in an unrealized profit of $3.4 million. The trader’s combined moves highlight a sharp understanding of market dynamics and a knack for timing trades perfectly.

VINE’s recent price explosion follows Binance’s announcement of the VINEUSDT perpetual contract, offering traders up to 75x leverage on futures trading. This listing brought significant attention to the token, causing its price to jump by nearly 50% in just two days. At the time of writing, VINE is trading at $0.2412 with a market cap of $234 million.

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