Pandora’s Price Hits Over $9,300 After Making Over 21% Price Increase, Here’s Why 

In the volatile realm of cryptocurrency, the most significant daily gainers are often those small-cap coins that experience substantial pumps.

Their limited liquidity creates an environment where even slight purchasing pressure can lead to rapid, exponential gains.

A prime example of this trend is #Pandora, the pioneer token utilizing the ERC404 token standard. Over the past 24 hours, Pandora’s price has surged to over $9300, marking a notable 21% gain.

One astute trader capitalized on Pandora’s momentum, raking in an impressive total profit of approximately $1.2M within just two days. The trader initiated a strategic move by investing 97,484 USDT to acquire 154 Pandora at $633 two days ago. 

Multiple Pandora Traders Make More Token Movements

Exploiting the market’s upward momentum, they sold 25 Pandora for 188,695 USDT at $7,548 yesterday, realizing a substantial profit of 91,211 USDT. Currently holding 129 Pandora, valued at $1.1M, the trader is sitting on unrealized profits of $1.1M.

In a parallel success story, another savvy trader entered the scene by investing $189K to purchase 187.68 PANDORA at $1,007 just two days ago.

This initial investment has now skyrocketed in value to an impressive $1.42M, resulting in a remarkable profit of approximately $1.23M within a brief two-day timeframe.

These rapid gains underscore the dynamic nature of small-cap coins, where strategic moves and well-timed transactions can lead to substantial profits for traders navigating the ever-shifting cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: peshkov/123RF // Image Effects by Colorcinch

Via: https://themerkle.com

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