Whale “igris” Reaps $800K Unrealized Profit After Buying $1.1M Worth of CETUS Tokens Ahead of Binance Listing

The price of CETUS, the native token of the Cetus Protocol, skyrocketed by 70% shortly after Binance announced its listing. This announcement has sparked substantial interest and trading activity around CETUS, driving its value to $0.3037.

After Binance announced the listing of CETUS, the native token of Cetus Protocol, the price of CETUS soared by 70%. This announcement attracted massive attention and spurred trading activity around CETUS, driving its value to $0.3037. Early investors have reaped substantial benefits from this sharp price increase, with one prominent whale, known as “igris,” accumulating a large unrealized profit.

According to data from Lookonchain, whale investor “igris” acquired 6.19 million CETUS tokens through two wallets over the past month. This accumulation occurred in several transactions, with “igris” spending a total of around $1.1 million on these CETUS holdings. The two wallets contain varying amounts of CETUS tokens, with one holding 3.3 million CETUS, valued at over $1 million, and the other holding 2.9 million CETUS, worth approximately $895,000.

The timing of these acquisitions, combined with the recent Binance listing, appears to have positioned “igris” to benefit handsomely from the token's recent price appreciation. As of now, the total value of “igris”'s CETUS holdings has risen to an impressive $1.9 million, indicating an unrealized gain of around $800,000, which translates to a 72% gain.

This news comes as CETUS price rallied following its listing on Binance, sparking increased interest and a surge in whale activity. The token, which serves as the native asset of the Cetus Protocol, saw its price飆升 after the exchange announced its listing on Monday.

The token's price surged during this period, reaching a peak of $0.3037 and boasting a 24-hour trading volume of $178.6 million. Its price movements were quite drastic, fluctuating within a range of $0.222 to $0.3037. Throughout this time, CETUS managed to garner attention from investors and traders alike.

At the time of writing, CETUS trades at $0.298 with a total market cap of $97.2 million and a fully diluted valuation of $152.2 million. The circulating supply of CETUS stands at 319 million out of a total 1 billion tokens.

This development brought on a strong market response, with the token’s price rising significantly amid a substantial trading volume. The Binance listing appears to have played a crucial role in boosting the demand for CETUS, impacting its price movements.