Across Protocol Investor Sold 2.4 Million ACX Tokens After Binance Listing, Earned $2.56 Million Profit

Binance, the leading cryptocurrency exchange, has recently listed a new cross-chain protocol called Across Protocol (ACX). 

This protocol enables seamless cross-chain token transfers and interactions, providing users with a powerful tool for navigating the increasingly complex decentralized finance (DeFi) landscape.

Investor Seizes Opportunity, Accumulates 1.26M ACX Tokens

Shortly after the announcement of the Across Protocol launch, a savvy investor identified a lucrative opportunity. 

This investor, with the address 0x4e3…8e537, swiftly acted, spending 510 ETH (approximately $1.98 million) to acquire a substantial position of 1.26 million ACX tokens. 

The average cost per token for this purchase was $0.562, indicating the investor’s strategic timing and keen market analysis.

Investor Deposits Tokens on Binance, Awaits Price Appreciation

After accumulating the 1.26 million ACX tokens, the investor has deposited the entire position on the Binance cryptocurrency exchange. 

This strategic move suggests that the investor is anticipating a significant price appreciation for the Across Protocol token, likely driven by the increased visibility and liquidity that the Binance listing will provide.

Across Protocol (ACX) Price Surges on Binance Listing

The impact of the Binance listing on the Across Protocol token price has been immediate and substantial. The price of ACX has spiked tremendously, rising by over 132% in the last 24 hours and 233.55% in the past 7 days. 

With the current price of $1.37 per token, the investor’s initial $1.98 million investment has now grown to a floating profit of approximately $2.56 million, a remarkable return on investment.

Across Protocol’s Promising Future and Wider Market Implications

The Across Protocol’s successful Binance listing and the substantial profit earned by the savvy investor highlight the growing significance of cross-chain technologies in the cryptocurrency and DeFi ecosystems. 

As the industry continues to evolve, protocols like Across Protocol, which facilitate seamless interoperability and liquidity, are poised to play an increasingly crucial role in the broader adoption and integration of blockchain-based solutions. 

This event serves as a testament to the market’s appetite for innovative cross-chain technologies and the potential for early investors to capitalize on emerging trends in the dynamic cryptocurrency landscape.

Also Read: Crypto Trader Turns $450,000 in SOL Into $16.4M Profit on Binance $PNUT Trade, Yields 1,772% Profits