A Chinese Binance Developer Allegedly Purchased This Altcoin Silently – He Made a Huge Profit

According to information that is still at the level of allegations, a Binance Wallet developer named Freddie Ng made a realized profit of $113,000 and an unrealized profit of approximately $200,000 in the UUU token on the Binance Smart Chain network through transactions made on decentralized cryptocurrency exchanges.

Interestingly, Ng, who uses the eponymous address freddieng.bnb, sent $6,227 worth of assets to another address and purchased 24.1 million UUU tokens, which is roughly 2.4% of the UUU token supply, according to the data.

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Then, approximately 6 million UUU of these tokens were sold, generating $113,000 in revenue. Currently, 18 million UUU tokens worth around $200,000 continue to be held at different addresses.

However, there are rumors that the UUU token could soon be added to the Binance Alpha pre-listing pool. The token has grown rapidly, exceeding a market cap of $50 million at its peak, and its market cap is around $12 million at the time of writing.

Binance has not made any statement regarding the development.

*This is not investment advice.

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