Bonk (BONK), which is on the rise with the listing news from the leading cryptocurrency exchanges Coinbase and Binance, makes its investors happy.
At this point, the smart investor, who had been accumulating BONK for about 10 months, turned the rise into an opportunity and started selling.
According to Lookonchain's post, after a 10-month patient wait, this investor sold 4 billion BONK for 17,677 Solana (SOL-1.36 million dollars worth).
Examining this investor's BONK strategy, Lookonchain said that he purchased 371.4 billion BONK from February 10 to November 8 and spent only 6,998 SOL on these BONKs, worth $276,000.
“What a patient and clever trader!
This investor sold 48 billion BONK for 17,677 SOL (valued at $1.36 million) after Binance announced BONK listing.
This investor currently holds 274.4 billion BONK (worth $8.33 million).
This smart investor spent 6,998 SOL (only $276 thousand) to buy 371.4 billion BONK from February 10 to November 8.
“The trader sold 37.19 billion BONK for SOL 1,750 on November 10, but spent SOL 1,350 to buy back more BONK at a lower price on November 14.”
BONK, which has increased by 84% in the last 24 hours with its Binance listing, continues to be traded at $ 0.00002828 at the time of writing.
What a patient and smart trader!
After 10 months of accumulation, this trader ushered in the surge of $BONK.
He/she sold 48B $BONK for 17,677 $SOL($1.36M) after #Binance announced the listing of $BONK.
And currently holds 274.4B $BONK($8.33M), the total profit exceeded $9M! pic.twitter.com/KdPGxwez2V
— Lookonchain (@lookonchain) December 15, 2023
*This is not investment advice.
