A smart trader has gained popularity in the crypto market after earning $1.5 million profit from investing in Mubarak (MUBARAK) just four days ago. Crypto analyst Onchain Lens recorded the investor’s impressive trading journey and ability to grab opportunities early.
The trader turned $1,155 into millions
Four days ago, the trader spent 2 BNB ($1,155) to purchase 20.84 million MUBARAK tokens. This move rapidly paid off, as today, he sold 7.84 million MUBARAK for 4.7 BNB ($2,710), earning a remarkable profit. Due to price growth, the trader still holds 13 million MUBARAK, which is worth an unrealized profit of $1.5 million.
The trader used a strategy called crypto sniping to seize the opportunity early and make money ahead of others. Smart investors use this strategy to swiftly purchase lesser-known tokens or newly launched assets and sell them late for profit. Although this approach can lead to massive gains, it requires expert knowledge and perfect timing. This trader’s activity shows the fast-growing and profitable crypto world. His trade demonstrates how timing and strategic approach can result in tremendous gains for people who are skilled in the game.
MUBARAK price updates
The virtual currency market continues to witness robust trading activity in the meme coin sector. On Saturday, March 15, Binance Alpha announced the listing of MUBARAK, a new meme coin, on its trading platform. The new listing caused massive surges in the asset’s performance, attracting interest among investors and traders. Yesterday, Binance founder, CZ, attracted widespread attention in the market following his purchase of two meme coins (TST and Mubarak) as part of his personal token holdings.
After the listing, MUBARAK saw a dramatic rise in value. Its market cap hit $52 million and later pulled back to $42 million. Despite the decline, the asset’s performance remains strong.
Besides its volatile market capitalization, the new meme coin registered a significant trading volume, reaching a high of $46.9 million within its first 24-hour trading. Its listing on Binance has expanded interest and exposure to the asset, creating substantial purchasing and selling activity.
Just like other meme coins, MUBARAK’s market performance remains highly volatile. Although initial enthusiasm has amplified interest and a purchasing frenzy, long-term sustainability will depend on dynamics like market trends, future listings on other exchanges, and community support.
