Crypto Trader Turns $68,700 into $9.4 Million in Two Days
A crypto trader made headlines by turning $68,700 into $9.4 million in just two days. The trader used 68 BNB tokens, worth $68,700 at the time, to buy 63.07 million tokens. Two days later, the holdings surged to a value of $9.4 million, yielding a profit of over $9.3 million.
Lookonchain shared the news on X, highlighting the 135x return on investment. The trader’s wallet address is publicly available for verification.
BNB Hits New All-Time High
This rapid gain coincided with BNB reaching a new all-time high. At the time of reporting, BNB trades at $1,155, marking a 9% increase in 24 hours. The token’s daily trading volume stands at $4.21 billion, reflecting strong bullish momentum.
The rally caused significant liquidations in the market. Data from Coinglass shows over $396 million in liquidations within 24 hours. Short sellers lost about $268 million, while long traders faced $127 million in losses. BNB-related liquidations accounted for $7.71 million, mostly from short positions.
Breakouts Fuel BNB’s Upward Momentum
Analysts link BNB’s surge to a series of bullish breakouts. Crypto King noted three key breakouts in July, September, and October. Each breakout followed consolidation phases and pushed BNB past important price levels, including the $1,000 mark.
Crypto King tweeted that BNB shows “perfect trend continuation” and targets prices above $1,500. Another analyst, NekoZ, described BNB’s price action as “a masterclass in trend continuation,” expecting further gains amid rising trading activity.
