Blockchain investigator Lookonchain identified two crypto addresses that cumulatively made over $200,000 from Gains Network’s GNS token sales after it was listed on Binance.
Lookonchain said the first address bought 26,881 GNS tokens on 1Inch swap for $208,335 and sold it for a profit of $106,747 within a few hours after it was listed on Binance.
Another wallet accumulated $500,000 worth of GNS at an average price of $7.38. The wallet had started buying on Feb. 8 and had purchased more tokens 20 minutes before Binance’s announcement.
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