The post A Cryptocurrency Investor Earned $3.16 Million From This Altcoin in Three Hours! Here Are the Details appeared on BitcoinEthereumNews.com.

A veteran crypto investor took advantage of the launch of the VVV token, turning 48.6 ETH ($154,000) into $3.16 million in just three hours. Investor Earns $3.16 Million in VVV Tokens in Just 3 Hours Using Banana Gun How the Transaction Happened Shortly after the launch of VVV, an investor purchased 414,000 VVV tokens at an average price of $0.37 using Banana Gun, a popular sniping bot. Over the next three hours, traders earned a total of $3.317 million by selling tokens at an average price of $8. This resulted in a staggering profit of $3.16 million, a return of 20 times the initial investment. Sniping Bots and High Speed Trading The use of sniping bots like Banana Gun has become increasingly common in crypto trading, allowing investors to automate quick trades during token launches. While highly profitable for some, these bots have also stirred up debates about market fairness and decentralization. This transaction highlights the high-risk, high-reward nature of early token launches, where timing and automation can make a big difference. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/a-cryptocurrency-investor-earned-3-16-million-from-this-altcoin-in-three-hours-here-are-the-details/

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Filed under: News - @ January 29, 2025 8:18 am