CRYPTO TRADER EARNS $1.2M IN 2 DAYS FROM $97K PANDORA BET 

Pandora (PANDORA), with a circulating supply of 8,000 tokens and a market cap nearing $58 million, has witnessed significant growth since its launch. A cryptocurrency trader recently reaped substantial profits, turning a less than $100,000 investment into over a million dollars in just two days.

According to a tweet from market analytics platform LookOnChain, a trader identified by wallet address 0xbC150 bought 154 PANDORA tokens at $633 each, totaling $97,484 USDT. At the current price, this stash is valued at approximately $1.24 million.

Today, the trader sold 25 PANDORA tokens at $7,548 each, earning $188,695 USDT and realizing a profit of $91,211 USDT. With 129 PANDORA tokens still in their wallet, valued at around $1.1 million, the trader holds an unrealized profit equivalent to that amount.

At the time of writing, PANDORA was trading at $7,955, marking an 88.5% increase in the past 24 hours. The token reached an all-time high of $8,705 earlier in the day before retracting by 16%.

Pandora is notable as the first token based on the ERC404 standard, which combines features of ERC20 and ERC721 tokens. This experimental standard aims to introduce uniqueness and new functionalities to decentralized finance (DeFi) and non-fungible tokens (NFTs).

By blending characteristics of ERC20 and ERC721, ERC404 enhances liquidity and fractionalization while introducing novel mechanisms for interaction, trading, and ownership in DeFi. Through pathing, the standard allows token amount data and identifiers to coexist in a unified framework.

While PANDORA’s surge suggests confidence in the ERC404 token standard, its volatility underscores potential risks. Nonetheless, the trader’s experience mirrors that of investors in meme coins, highlighting the speculative nature of cryptocurrency investments.

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