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Solana Trader Sells 19.2 Million KIMCHI Tokens for $264,600

The tokens cost $8,790, leaving the trader with a gain of about $255,900.

By Enna Lee
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A copper token sits apart from a dense cluster. / TokenPost.ai
A copper token sits apart from a dense cluster. / TokenPost.ai

A Solana trader sold a 19.2 million KIMCHI position for $264,600 after buying the tokens for $8,790, realizing a gain of about $255,900 as the token’s valuation rose.

KIMCHI’s average market capitalization was about $455,200 when the trader bought the tokens and about $13.7 million when the position was sold. Those figures describe the token’s overall valuation; $264,600 was the amount received from this trade.

The trader held no KIMCHI at the Oct. 21 observation.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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