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Major Trader Makes Significant Moves in Crypto Market

by NZU
16 5 月, 2024
in Altcoins
0
Major Trader Makes Significant Moves in Crypto Market

In the past week, a savvy investor known for their profitable trades has made headlines again. This trader, who previously made $6.87 million in profit on $WIF, has now invested $1 million USD Coin (USDC) to acquire 1.7 million $tremp tokens at an average price of $0.5831.

Earlier, this investor purchased 3.07 million $WIF tokens for $721,000 at $0.23 each. Demonstrating impeccable timing and market insight, the trader sold 2.37 million $WIF tokens for $5.47 million at $2.31 each, retaining 700,000 $WIF tokens valued at $2.12 million. This series of trades resulted in a staggering total profit of $6.87 million on $WIF alone.

Whale’s Substantial Investment in $WIF

Six days ago, another significant player invested $4.2 million USDC to buy 1.4 million $WIF tokens at $2.99 each. This whale has a history of early and profitable trades in $WIF, accumulating a total profit of over $8 million from their ventures.

These strategic moves by influential traders underscore the dynamic nature of the cryptocurrency market and highlight the potential for substantial profits through well-timed investments and sales. Market participants closely watch these developments, anticipating further movements and potential impacts on the value of $WIF and $tremp tokens.

Credit: Source link

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