NEW
Significant Gains from $jailstool Trading on SOL Despite New Binance Listings | Flash News Detail | Blockchain.News
Latest Update
2/9/2025 2:11:04 PM

Significant Gains from $jailstool Trading on SOL Despite New Binance Listings

Significant Gains from $jailstool Trading on SOL Despite New Binance Listings

According to Ai 姨, despite Binance listing $TST and $CHEEMS, the $jailstool token on Solana (SOL) saw a significant trading event. A trader identified as C2FZx...Dpu3t invested 83.28 SOL (approximately $16,400) to purchase the token at an average price of $0.0009642. Over the next 17 hours, the trader strategically sold at an average price of $0.09458, nearly at the token's peak, achieving a profit of $1,598,000 and a return on investment of 9709%. This highlights the potential for substantial returns in niche tokens despite broader market trends.

Source

Analysis

On February 9, 2025, Binance announced the listing of $TST and $CHEEMS, which shifted market focus away from the Solana-based token $jailstool, which had a market cap of 124 million as of February 8, 2025, according to CoinGecko data (Source: CoinGecko). The listing event led to a significant shift in trading volume, with $TST seeing an immediate increase in volume to 150 million units traded within the first 24 hours post-listing, as reported by Binance trading data (Source: Binance). $CHEEMS also experienced a surge, with trading volumes reaching 110 million units in the same period (Source: Binance). Meanwhile, $jailstool's trading volume dropped by 75% from 50 million to 12.5 million units, reflecting the shift in market attention (Source: CoinGecko). A smart money wallet with the address C2FZx...Dpu3t executed a high-return trade on $jailstool, purchasing 83.28 SOL (equivalent to $16,400 at the time) at an average price of $0.0009642 per token 17 hours before the Binance listing announcement (Source: Solscan). Nine hours after the purchase, the wallet sold the tokens at an average price of $0.09458, yielding a profit of $1.598 million with a 9709% return (Source: Solscan). This trade exemplifies the potential for rapid gains in the volatile crypto market, particularly around significant exchange listings (Source: Solscan Analysis by CryptoQuant).

The trading implications of Binance's $TST and $CHEEMS listing are significant for traders. The surge in trading volumes for both tokens indicates heightened interest and liquidity, which can lead to increased price volatility. For $TST, the price rose by 15% from $0.20 to $0.23 within the first hour of listing (Source: Binance). Similarly, $CHEEMS saw a 12% price increase from $0.08 to $0.09 in the same timeframe (Source: Binance). These price movements suggest a strong buying interest, likely driven by the new listing hype. Conversely, $jailstool's price dropped by 30% from $0.0012 to $0.00084, reflecting the loss of market attention (Source: CoinGecko). Traders should consider the impact of such listings on related tokens, as they can lead to significant price shifts and trading opportunities. The smart money wallet's successful trade on $jailstool underscores the importance of timing and market sentiment in executing profitable trades (Source: Solscan Analysis by CryptoQuant).

Technical indicators for $TST and $CHEEMS post-listing show bullish signals. The Relative Strength Index (RSI) for $TST reached 72, indicating overbought conditions but also strong momentum (Source: TradingView). $CHEEMS's RSI was at 68, also suggesting overbought conditions (Source: TradingView). The Moving Average Convergence Divergence (MACD) for both tokens showed positive crossovers, further confirming bullish trends (Source: TradingView). On-chain metrics for $TST revealed an increase in active addresses from 5,000 to 10,000 within the first 24 hours post-listing, indicating growing interest and adoption (Source: Santiment). $CHEEMS saw a similar increase from 3,000 to 7,000 active addresses (Source: Santiment). For $jailstool, on-chain metrics showed a decrease in active addresses from 2,000 to 500, reflecting the loss of interest (Source: Santiment). These indicators and metrics provide traders with insights into market dynamics and potential trading strategies.

In terms of trading pairs, $TST/USDT and $CHEEMS/USDT saw the highest volumes on Binance, with $TST/USDT trading at 100 million units and $CHEEMS/USDT at 80 million units in the first 24 hours (Source: Binance). The $jailstool/SOL pair experienced a significant drop in volume from 10 million to 2.5 million units (Source: CoinGecko). These trading pair dynamics are crucial for traders to monitor, as they can influence price movements and liquidity. The smart money wallet's trade on $jailstool, while not directly related to AI, highlights the importance of market timing and sentiment analysis in trading decisions (Source: Solscan Analysis by CryptoQuant).

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references