On March 12 crypto markets crashed, with most major cryptocurrencies declining more than 40%. However, one extremely lucky Binance user walked away with millions of dollars thanks to an order they placed over a year before.
Essentially, this Binance user put in an order to purchase 900,000 Chainlink (LINK) at a price of $0.0001 each. Apparently this order was placed on the very first day that the Chainlink (LINK) trading pair launched on Binance, since placing an order that low is not even allowed on Binance nowadays.
Basically, this Binance user left $90 at the bottom of the Chainlink (LINK) order book for over a year, and then yesterday the price of Chainlink (LINK) crashed more than 50%. At one point during the selling frenzy someone initiated a massive Chainlink (LINK) market order which ate through the entire order book, fulfilling the trade of 900,000 Chainlink (LINK) for just $90.
Ultimately, this lucky Binance user walked away with around $2 million of free Chainlink (LINK).
The moral of this story is that even on the worst days in the crypto market it is possible to make tremendous amounts of money, with the right strategy and enough luck.