Binance-Supported Exchange’s New Altcoin Made $1.6 Million in 1 Hour!

An altcoin released by Binance-supported decentralized exchange made a investor $1.6 million as soon as it opened for trading. According to the Twitter post of on-chain data platform Lookonchain on March 25, an investor earned approximately $1.6 million in 1 hour. The altcoin, named PUMP, was offered in pre-sale by Binance-supported decentralized exchange (DEX) BakerySwap and provided a profit of $1.6 million for an investor who made a quick buy as soon as it opened for trading. The investor in question spent 0.24 BNB, valued at 138 dollars, to quickly make the purchase ahead of their competitors. The trader, who bought 6,000 BNB worth of PUMP, became the owner of 375.4 billion PUMP. Shortly thereafter, the investor sold 360.4 billion PUMP for 8,759 BNB, earning $5.08 million. The total profit of the investor was $1.6 million. Currently, the trader still holds 15 billion PUMP worth of $212,000.