A crypto trader who invested in the $FLAVIA token has gained a profit of $1.44M, as reported by Lookonchain. This trading success has attracted much attention because of the fast-growing FLAVIA and the trader’s approach to operating the market.
Breakdown of the Trade
The trader invested 22,869 USDC at the beginning of trading to purchase 59.55M FLAVIA tokens. At an opportune moment, the trader exchanged 46.98M FLAVIA tokens for 1.47M USDC and made an astounding $1.44M profit. Even after this huge sale, the trader still possesses 12.57M FLAVIA worth $689,000. This holding is still of great value, especially since the market value of FLAVIA is increasing.
FLAVIA’s Explosive Price Increase
The volatility of the token was evident as the token climbed to $0.0593 during the sale period. This rise occurred alongside a 24-hour increase in price by 9090%, thus increasing the trader’s profit. Currently, FLAVIA controls a liquidity pool of $1.2M, thus being one of the most valuable tokens demanded in the market, with an FDV of $58.7M.
During this high-gain period, there was huge traffic to this specific token. Its trading volume was $95.6M, with more than 88,000 transactions in the token. This particular trader was active in this regard, making 47,381 buying orders and 41,522 selling bids. The number of transactions is high, indicating keen market interest and a high price fluctuation.
Future outlook
The trader has FLAVIA tokens worth $689,000. It may be profitable for the trader since the token keeps drawing attention in the crypto market, with the remaining coins still holding the potential for significant gains. As for other traders and investors, everyone is waiting for more waves in the growth
Source: https://blockchainreporter.net/trader-scores-1-44m-profit-on-flavia-still-holds-689k-in-assets/