A wallet address recently acquired a significant amount of Rocket Pool (RPL) tokens (6193.46 units) just moments before the official announcement of the token’s listing on the renowned cryptocurrency exchange platform, Binance.
This sudden and peculiar purchase has sparked curiosity and speculation among the crypto community, with many speculating on the purchaser’s identity and possible intentions.
However, following Binance’s announcement, the investor liquidated the entire holdings of RPL tokens in just 10 minutes, amassing a substantial profit of $55,397.
The investor used Uniswap to exchange 190,000 Tether (USDT) for 190,024 USD Coin (USDC) and then converted all of their USDC into Ethereum (ETH) by swapping 190,024 USDC for a total of 119.79 ETH.
They then used this ETH to purchase RPL and further increased their portfolio by using 10,000 USDT to purchase an additional 6.302 ETH, acquiring 209.49 RPL.
After waiting 24 minutes, the anonymous trader returned to Uniswap and exchanged the entire RPL token stash for 162.06 ETH. The investor then immediately converted that ETH into 255,397 USDT using OXS as the source. The trader had a clear plan and executed it quickly and precisely.
Within the 24 minutes that these trades were ongoing, Binance announced that it would list RPL on its platform. As a result of the announcement and subsequent listing, the token surged as high as 32% to an all-time high of $42.26 from $31, which the token was trading at.
It is worth noting that listing a new token on a well-established exchange like Binance is a highly anticipated event in the crypto world, as it signifies a level of credibility and validation for the token.
And the fact that someone had acquired a substantial amount of RPL tokens just before the announcement has raised many eyebrows and generated a lot of discussions on social media platforms and forums.
Some have theorized that the mysterious wallet may have inside information about the token and its growth potential, while others have suggested that it could be a strategic move by a savvy investor looking to capitalize on the hype surrounding the listing.
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