According to COINOTAG News on November 11th, the Formula News team purchased 10.9 million ACT tokens for 1,558 SOL, equivalent to approximately $318,000, mere moments after the pivotal announcement confirming the listing of ACT and PNUT on the Binance exchange. This strategic investment has since appreciated significantly, currently valued at around $3.4 million, yielding a remarkable unrealized gain of over $3 million. Such swift actions in the volatile cryptocurrency market demonstrate the potential for substantial returns following key developments in exchange listings. Investors are closely monitoring the fluctuations in market conditions as cryptocurrencies like ACT continue to gain traction among traders and institutional players alike.
Source: https://en.coinotag.com/breakingnews/formula-news-invests-1558-sol-in-act-turning-318k-into-3-4-million-after-binance-listing-announcement/