Lookonchain, a blockchain analytics tool that grabs data from DEXs, has spotted two crypto addresses earned a combined total of over $200,000 by purchasing GNS(Gains Network) tokens before it was listed on crypto exchange Binance.
According to Binance announcement, Binance listed Gains Network (GNS) in the Innovation Zone and open trading for these spot trading pairs at 2023-02-17 11:30 (UTC), withdrawals for GNS opened at 2023-02-18 11:30 (UTC).
The first address bought 26,881 GNS tokens for $208,335 and sold them within hours of the Binance listing for a profit of $106,747.
A smart money bought 26,881 $GNS at a cost of $208,335 before #Binance announcement of listing $GNS.
— Lookonchain (@lookonchain) February 17, 2023
Then sold 26,881$GNS and got $315,082.
This guy made $106,747 in a few hours!https://t.co/B5gTvWwAN5 pic.twitter.com/f7G0yyIMPm
The second wallet accumulated $500,000 worth of GNS tokens at an average price of $7.38, starting on Feb. 8 and buying more tokens 20 minutes before Binance's announcement.
Another smart money started buying $GNS on Feb 8, and spent ~$500K to buy 67,707 $GNS, with an average buying price of $7.38.
— Lookonchain (@lookonchain) February 17, 2023
This guy still buying $GNS 20 mins before #Binance announced the listing of $GNS.
And sold 11,232 $GNS ($125,975) at $11.22 after the announcement. pic.twitter.com/C5zHCrjw7H
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