- Binance user gets 900,000 Chainlink for only USD 90
Yesterday, 12 March was one of the most bearish days in crypto history, with practically all major cryptocurrencies declining 40% or more. However, one lucky Binance user walked away with millions of dollars due to the violent downwards movements on the Chainlink market.
Essentially, this lucky user placed a buy order for 900,000 Chainlink at a price of USD 0.0001 each. During the violent selling on 12 March, another Binance user initiated a market order to sell a massive amount of Chainlink, and that market order ate through the entire order book, fulfilling the trade for 900,000 Chainlink at a price of USD 0.0001 each.
To put this in perspective, even after Chainlink lost 50% of its value on March 12, this 900,000 Chainlink purchased for USD 90 was still worth over USD 1.5 million.
Therefore, even on the very worst days on the crypto markets, this story proves that savvy and lucky traders can walk away with millions of dollars of profit.
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