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A trader turned $2,330 into over $614,000 by trading the meme coin ANSEM.
According to Lookonchain, the trader bought 14.2 million ANSEM for $2,330, sold part for $68,100, and the remaining 10 million ANSEM are valued at about $548,800, resulting in a profit of around $614,500, more than 261x the initial investment.
USDT is selling in India at an 8.5% premium over the dollar rate. It trades near 103 rupees versus the official 94.65 rupees per dollar.
Raids on firms using USDT to bypass currency rules have cut liquidity on local platforms, causing a shortage. The usual premium of 3–4% has more than doubled.
⚠️ CoinEx processed $3.8 billion in Iran-linked funds, acting as crypto gateway
CoinEx has also reportedly interacted with terrorist organizations, including the Islamic Revolutionary Guard Corps, as well as sanctioned Russian entities.