The crypto market continues to see wild trading moves, and a recent one on the BNB Chain has caught everyone’s attention. A savvy trader managed to turn $2.8K into $760K small with the newly launched Arabic-themed meme coin, Mubarak. However, despite the impressive gains, the trader left a huge amount of money on the table.
According to data from Lookonchain, this trader initially spent just $2,861 to buy 6.14 million Mubarak tokens on March 13. In less than two weeks, the price of the meme coin skyrocketed, allowing the trader to make a massive profit.
Seven hours ago, the trader decided to deposit all of their Mubarak holdings into Binance, securing a staggering profit of approximately $760,000. This means the small initial investment turned into a life-changing amount in a short period.
While making over $750K from a few thousand dollars is already an incredible return, the trader could have made even more. At its peak price, the 6.14 million Mubarak tokens were worth around $1.3 million.
This means the trader missed out on an extra $540,000 in potential gains by not selling at the perfect time.
MUBARAK Gears Up for a Surge Before Eid
A new report suggests that Binance’s founder, CZ, has been actively promoting MUBARAK, which was listed alongside three other tokens. After the initial hype, the coin saw a sharp 40% correction. Right now, Mubarak is trading at about $0.0856, with a market cap of $85.6 million.
Many experts believe the coin could see a strong rally as Eid Mubarak approaches. With traders expecting a potential surge, some predictions suggest that Mubarak could rise to around $0.12 or even $0.15 in the coming days.
Pi Coin has surged 12.28% in the past 24 hours, reaching $0.6004 amid buzz surrounding…
The Philippines has emerged as one of Southeast Asia’s most progressive nations in embracing digital…
Tensions are rising between the White House and the Federal Reserve. Vice President JD Vance…
In a major step toward harmonizing financial regulation, top U.S. and U.K. regulators have committed…
XRP is currently trading around $2.18 after a brief pullback, but market sentiment remains bullish.…
India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a…
