Crypto trader increased his profit 490 times thanks to BAN memo coin

Note: not investment advice!

A cryptocurrency raider associated with the Sotheby’s auction house has made a profit on the BAN meme token that is 490 times the initial deposit. According to Lookonchain’s analysis, he bought 36.27 million BAN for 10.2 SOL (about $ 1,795) and made $ 871,600 within two days. Instead of selling the entire volume at once, the trader sold the tokens gradually, which helped him avoid significant losses during crypto price drops.

«Everyone can learn lessons from this trader’s strategy: instead of selling everything at once in a panic, he sold gradually and in portions after each surge so as not to miss the rally,» analysts said.

An analysis of the situation revealed that the trader was Michael Buhanna, Vice President of Sotheby’s and Head of Digital Art. After unsuccessful attempts to make money on other meme tokens, he decided to launch his own project. The gradual sale of tokens after each rise allowed him to avoid large losses during the BAN rate drops.

Lookonchain accused Buhanna of using insider information for personal enrichment. Sotheby’s has not yet commented on the situation.

Earlier, other traders also made high profits from meme tokens. For example, a trader earned $ 5.6 million on the DADDY token promoted by Andrew Tate.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!