The trader bought BRETT months ago when the token traded at an incredibly low value and had some of his bags in profit bit by bit.
Another memecoin trader has made massive gains, this time on BRETT, a token on the Base chain. The early buyer saw over 960,000% returns on Tuesday after moving his remaining BRETT token to the crypto exchange Bybit.
The user was an early investor in BRETT, acquiring 96.946 million tokens on February 24. This wallet bought a huge chunk of the memecoin for just 0.067 ETH ($178) when it was trading at $0.00000184.
As BRETT recorded a price uptrend amid growing popularity, the user sold his acquisitions bit by bit, making massive gains in each sale. Before the Binance and Upbit listings, the wallet had sold 77.67 million BRETT (over 80% of his BRETT portfolio).
By 07:00 UTC today, the wallet moved 19.29 million BRETT to Bybit, cashing out $1.72 million. BRETT surged over 30% after Upbit and Binance announced they would list the token on their platforms.
The wallet’s outstanding gain came a few days after The Crypto Basic reported that a user made 100x gains on a memecoin based on the Tron network. There was also a case where an early PEPE buyer turned $83 into $79.4 million.
Binance and Upbit Add Support for BRETT
Notably, South Korea’s largest exchange, Upbit, announced on Tuesday that it would add support for memecoins BRETT and PEPE by 07:00 UTC the same day. Upbit stated it would allow the deposit of these tokens two hours after the time of the announcement.
Leading crypto exchange Binance also announced on Tuesday that it would list BRETT for futures trading. The platform listed the token for up to 50x leveraged trading by 07:35 UTC.
BRETT is now listed on over five major exchanges, including Bybit, Bitget, Kucoin, and Gate.io. At press time, the token was trading at $0.0879 with a market cap of $870 million.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/08/20/early-brett-buyer-turns-178-to-1-71m-amid-binance-and-upbit-listing/?utm_source=rss&utm_medium=rss&utm_campaign=early-brett-buyer-turns-178-to-1-71m-amid-binance-and-upbit-listing