{"id":20968,"date":"2024-05-21T12:15:07","date_gmt":"2024-05-21T09:15:07","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20968"},"modified":"2024-05-21T12:15:07","modified_gmt":"2024-05-21T09:15:07","slug":"altcoin-investor-makes-1-87-million-in-four-days","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/altcoin-investor-makes-1-87-million-in-four-days\/","title":{"rendered":"Altcoin Investor Makes $1.87 Million in Four Days"},"content":{"rendered":"

A single altcoin investor made millions of dollars in just a few days thanks to a recent market-wide rally.<\/p>\n

According to a report by blockchain<\/a> analytics platform Spot On Chain, a trader using a multi-signature wallet invested in ENA, developed by Ethena Labs.<\/p>\n

The trader, who has been questioned as to whether they were “lucky” or had “inside information,” withdrew a total of 13.86 million ENA from Gate.io exchange between May 17 and yesterday before the ENA price started to rise.<\/p>\n

Ethena Labs, which develops a synthetic dollar protocol, received investment from Binance Labs, the $10 billion investment arm of Binance, as part of the sixth season of the incubation program. Binance listed ENA on its exchange in early April after introducing it as a Launchpool project.<\/p>\n

The cost per unit of ENA for this investor was an average of $0.731. Having invested a total of $10.13 million, the trader made $1.87 million in four days.<\/p>\n","protected":false},"excerpt":{"rendered":"

A single altcoin investor made millions of dollars in just a few days thanks to a recent market-wide rally. According to a report by blockchain analytics platform Spot On Chain, a trader using a multi-signature wallet invested in ENA, developed by Ethena Labs. The trader, who has been questioned as to whether they were “lucky”<\/p>\n","protected":false},"author":1,"featured_media":18905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[236,22,192,5164],"class_list":["post-20968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-binance","tag-blockchain","tag-ena"],"yoast_head":"\nAltcoin Investor Makes $1.87 Million in Four Days - Coin Engineer<\/title>\n<meta name=\"description\" content=\"A single altcoin investor made millions of dollars in just a few days thanks to a recent market-wide rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/altcoin-investor-makes-1-87-million-in-four-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoin Investor Makes $1.87 Million in Four Days - 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