The crypto trading space recently witnessed an investor turn $1300 worth of $SOL into $140,000 in just 20 minutes. This sharp-eyed trader took advantage of Binance’s $MOODENG listing announcement, buying up 2.77 million tokens before their price skyrocketed, according to Lookonchain.
The investor’s strategy, which involved spotting early exchange listings of in-demand tokens, resulted in a profit of 809 $SOL. Shortly after, the investor repeated this success with $GOAT tokens, earning another $17,000.
This “listing strategy” involves identifying tokens just before or as they’re listed on major exchanges like Binance, anticipating that exposure will drive demand.
However, this method is not suitable for beginners as it requires meticulous research and the ability to handle high-risk, fast-paced trades. Traders using this approach must monitor listings across multiple exchanges, manage volatility, and navigate technical challenges as trading surges often lead to delays and liquidity issues.
While the strategy has delivered striking results for some, it demands expertise and quick decision-making, making it best suited for seasoned traders familiar with the market’s complexities.