Trader Doubles His Money on an Altcoin in 1 Hour: Profit Reaches $201,000
Lookonchain reported that a trader doubled their STANDARD purchase in about an hour, earning a profit of $201,000.
According to Lookonchain’s September 15 post, the trader, tracked with the tag 0x6910, spent 80 ETH to purchase approximately 1.14 million STANDARD.
About an hour later, the trader sold the STANDARD tokens for 160 ETH. Consequently, the difference between the purchase and sale was 80 ETH, which, according to the value stated in the post, is approximately $201,000.
The scale of the STANDARD transaction drew attention
During the transaction, STANDARD’s market cap appeared to be approximately $33.1 million, with liquidity at the $16 million level. While the same screen showed a trading volume of approximately $37.4 million for the token, the 6 and 24-hour change was displayed as 1,223 percent.
