A Cryptocurrency Investor Earned $3.16 Million From This Altcoin in Three Hours! Here Are the Details
A veteran crypto investor took advantage of the launch of the VVV token to earn $3.16 million in just three hours.
A veteran crypto investor took advantage of the launch of the VVV token, turning 48.6 ETH ($154,000) into $3.16 million in just three hours.
Investor Earns $3.16 Million in VVV Tokens in Just 3 Hours Using Banana Gun
How the Transaction Happened
- Shortly after the launch of VVV, an investor purchased 414,000 VVV tokens at an average price of $0.37 using Banana Gun, a popular sniping bot.
- Over the next three hours, traders earned a total of $3.317 million by selling tokens at an average price of $8.
- This resulted in a staggering profit of $3.16 million, a return of 20 times the initial investment.
Sniping Bots and High Speed Trading
The use of sniping bots like Banana Gun has become increasingly common in crypto trading, allowing investors to automate quick trades during token launches. While highly profitable for some, these bots have also stirred up debates about market fairness and decentralization.
This transaction highlights the high-risk, high-reward nature of early token launches, where timing and automation can make a big difference.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Surges as Altcoins Struggle – Is $200K the Next Target?
BTC breaks key levels while market dominance hits multi-year high
Grayscale rolls out Bitcoin Miners ETF, taps into global Bitcoin mining ecosystem
Is Sonic the Most Advanced Layer-2? Andre Cronje Thinks So
Trump Media Moves Into Bitcoin and Digital Asset Investments