The Binance -based Mumarak Meme Coin has seen a huge trade activity that increases by another 70 % today and moves to $ 0.20 with a market ceiling of only $ 200 million within two days of launch. The Early Trader of the Meme coin was able to obtain a return of 4860X in just two days of launch, and to transfer his $ 232 investments into a return of $ 1.1 million.
Mumarak Meme Coin Trader Mints huge profit
Blockchain analysis platform Lookonchain He recently indicated that the trader made unusual profits from the newly launched Meme, Mubarak’s symbol. The smart trader managed to transfer a preliminary investment of 0.4 BNB ($ 232) to more than $ 1.1 million, which achieved an amazing return 4860X.
The trader bought $ 10.5 million of coded codes for $ 232, and later sold part of the holdings of 576 BNB, at a value of approximately 363,500 dollars. Currently, the trader maintains 5.16 million icons, at a value of $ 764,000, spreading to three governors.
Beyond this new Mimi frenzy
Mubarak Mimi has gained a large traction in the last two days after its investment by the Binance Changpeng Zhao. This advertisement was sufficient for a great merchant, which led to a sharp crowd in a very short period of time.
Moreover, the list of this coin on the Binance Alpha platform led to a huge commercial activity around it. alias THANOS encryption analyst She expressed strong optimism about the distinctive symbol, describing it as an “lack of thinking” in current prices.
According to Thanos, the last Binance Futures menu sparked a market, which led to the disposal of excessive long situations. With this correction behind, the analyst believes that the distinctive symbol can continue its upward path.
BNB PRICE RALY to continue?
The launch of the Mumarak Meme at the BNB series has increased significantly in the network activity, which prompted the price of the $ 630 penetration. As a result, decentralized exchange volumes (DEX) also increased on the BNB series.
In another teacher, the daily trading volumes of the famous Solana Solat series exceeded. During the past few months, the Meme Coin market from Solana has turned into Binance, where the latter sees a strong increase in the title activity.
Bushan Akolkar
Bhushan is enthusiastic about technology with a severe understanding of the financial markets. His interest in economics and financing has focused on emerging technology and encrypted technology markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills.
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