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.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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

Via: https://themerkle.com

Share this article:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The reCAPTCHA verification period has expired. Please reload the page.

Please enter CoinGecko Free Api Key to get this plugin works.