Crypto News: How Whales Made Millions in Profit With NXPC Trading?

Key Insights:

• A smart trader has raked in enormous profit from holding NXPC token, as per recent crypto news.
• The new altcoin just secured a listing on the Binance exchange, fueling a bullish rally.
• Like NXPC, the altcoin sector is gaining attention despite broader market instability.

Analytics data provider Lookonchain on X has brought the market’s attention to a crypto whale who has succeeded in profiting on NEXPACE (NXPC).

In just a short time of holding the cryptocurrency, the crypto whale amassed profits of $3.8 million.

The Nexpace coin is associated with the MapleStory Unviverse and recently listed on the Binance platform.

Crypto News: Smart Trader Bets on NXPC

Lookonchain shared that this anonymous whale spent 500,000 USDT to buy 3.3 million NXPC coins, which are worth approximately $12.9 million. The whale successfully bought the coins at a price of only $0.152.

The smart trader walked away with $3.3 million in profits, even though he did not sell the NXPC coins during peak price period.

Per Lookonchain, the trader used the Puissant, BlockRazor, and bloXroute trading tools simultaneously to protect his trade from frontrunning and sandwich attacks.

He reportedly paid 18 BNB coins valued at approximately $11,700 for these services, allowing him to accumulate NXPC upon launching.

The NXPC snipe accumulation combines Puissant’s rapid trade automation, BlockRazor’s MEV simulations, and bloXroute’s private relays.

Meanwhile, the whale wallet avoided most bot-infested mempool traps, resulting in minimal slippage and precise entry at the initial launch window.

While Puissant triggers the buy at the first hint of liquidity, BlockRazor previews and hardens the route against sandwich attacks.

In addition, bloXroute runs the playbook off-mempool for near-instant confirmation.

Why NXPC’s Price is Skyrocketing

The latest whale trade has lowered the pressure on the open market to sell NXPC. This crypto news led to an outstanding surge.

According to CoinMarketCap data, NXPC price was trading at $2.64 at press time, up 77.8% in the past 24 hours.

This spike has pushed the market cap to over $447 million and the trading volume to $1.5 billion.

Intriguingly, the spike in the price of NXPC coincides with the latest listing Binance, one of the world’s top crypto exchanges.

NXPC’s circulatory supply is 169,040,000 coins, representing 16.9% of the total supply. It will become available on Binance Alpha on May 14, 2025, at 6:00 UTC.

Upon listing, users can trade NXPC against cryptocurrencies and stablecoins, including Binance Coin (BNB), Tether (USDT), and Circle’s USDC.

In addition to the spot listing, NXPC has secured a futures listing on Binance. The exchange will offer traders up to 50 times leverage, allowing them to trade with borrowed funds.

Before trading commences, Binance will conduct an airdrop event for NXPC coins. Users will receive 3% of the total NXPC supply through the airdrop.

Crypto News: Altcoin Era Fading?

While the price of NXPC is demonstrating bullish momentum, other top-market altcoins are experiencing a downtrend. This has led to speculation about whether the altcoin season is over.

Ethereum (ETH), the leading altcoin market, has decreased 2.7% in the past 24 hours.

Ripple-backed XRP and Solana (SOL) are also down 4.8% and 4.7%, respectively. BNB, another top altcoin, plummeted slightly by 0.6% within the same timeframe.

While the daily price decline raises concern, these altcoins are experiencing a bullish momentum on the weekly chart.

This means an emergence of favorable market conditions could push the altcoins back to a bullish phase.

Moreover, former BitMEX CEO Arthur Hayes earlier predicted that altcoins would see new rallies once Bitcoin crosses $110,000.