The Unusual $26 Million Crypto Surge and the Trader Who Profited

In the early hours of New Year's Day, a crypto trader, Vida, noticed something unusual on Binance.

The Odd Buy Order

The token BROCCOLI714, largely unknown to most, had a massive wall of buy orders worth $26 million. This wasn't a typical market move.

• Possible causes?
• A hacked account?
• A glitch in a trading program?

Vida had a strategy in place: arbitrage—buying and selling BROCCOLI714 across different markets for a steady profit. But this huge buy order changed everything.

The Price Surge & The Circuit Breaker

• The price of BROCCOLI714 began to skyrocket.
• But there was a catch: Binance's circuit breaker (a safety feature) prevented the futures price from moving too quickly, while the spot price surged.

Vida saw an opportunity. He bought as much BROCCOLI714 as he could, betting on the price rise.

• The price hit $0.15.
• Then, the big buy order vanished.
• Vida sold everything, netting a $1.5 million profit.

The Mystery Remains

What caused the $26 million buy order?

• Binance found no evidence of a hack.
• Was it a mistake?
• Or was someone trying to manipulate the market?

We may never know. But one thing is certain: someone made a fortune from this unusual event.