The Trading League competition on Binance has just begun, and several traders are already showing unusually high returns on investment (ROI). The top 3 traders have reported an ROI of 8000%, which seems improbable, especially since they're trading without leverage in spot trading.
It's unclear how traders can achieve such high returns without using leverage. Yesterday, several participants displayed returns ranging from 10,000% to 20,000%, but their names are no longer visible on the leaderboard.
I'm struggling to understand the logic behind these returns. How can someone achieve an ROI of 8000% or more in spot trading without leverage? Was their initial investment extremely low, or is there something else at play here? Further clarification is needed to understand these results.
You can check it yourself as well by clicking on trading league secTION
