Gains Network

A crypto trader, who remains unidentified, made more than $100,000 in profits after buying a token just minutes before it was listed on Binance, the leading cryptocurrency exchange. On-chain investigator Lookonchain analyzed the transaction data to make the discovery.According to on-chain analysis, the trader bought Gains Network (GNS) tokens worth $208,335 just 30 minutes before Binance listed the token. The token’s price then surged by 51% after the listing, from $7.92 to $12.01, and the trader sold their position for a profit of $106,747 within an hour.Read our article<a href="https://crypto.ro/en/news/traders-100k-profit-ahead-of-binance-listing-raises-front-running-concerns-in-crypto-exchanges/" rel="noopener noreferrer nofollow"> to find out the details</a>.

Trader’s $100K profit ahead of Binance listing raises front-running concerns in crypto exchanges

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