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📌 Trader earns USD 1M taking advantage of a rare movement on Binance
A trader claimed to have earned nearly 1 million dollars after detecting an "abnormal" behavior in the memecoin BROCCOLI714 within Binance.
The token, with low liquidity, surged suddenly and then dropped just as sharply, which caught attention due to unusually large buy orders. The trader took advantage of that difference by first entering a long position when the price was rising and then short when the movement exhausted. Although there was talk on social media about a possible hacking, Binance denied any security breach and assured that its systems operated normally. The case again shows how memecoins can create opportunities… but also great risks.
A trader claimed to have earned nearly 1 million dollars after detecting an "abnormal" behavior in the memecoin BROCCOLI714 within Binance.
The token, with low liquidity, surged suddenly and then dropped just as sharply, which caught attention due to unusually large buy orders. The trader took advantage of that difference by first entering a long position when the price was rising and then short when the movement exhausted. Although there was talk on social media about a possible hacking, Binance denied any security breach and assured that its systems operated normally. The case again shows how memecoins can create opportunities… but also great risks.
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