An unknown whale dealer with a 100% optimistic monitor file has been aggressively shopping for Ethereum (ETH) for months, in keeping with blockchain monitoring agency Lookonchain.
Lookonchain says one “good cash” whale with an ideal monitor file of closing trades in revenue has amassed almost $70 million price of ETH since late Might.
On-chain information exhibits the whale accumulating ETH from Binance, the most important crypto change on this planet.
“The good cash with a 100% win price purchased 2,424 ETH ($7.22 million)…
He has purchased 19,436 ETH ($68.25 million) at $3,511 since Might 29!”
Nonetheless, Ethereum is now considerably beneath the dealer’s common entry level as ETH is presently buying and selling at $2,271, down almost 20% prior to now day.
Lookonchain additionally spotted an early investor in Solana (SOL)-based memecoin dogwifhat (WIF) taking revenue after making $24 million in positive aspects.
The agency says a collection of addresses possible belonging to the identical entity made huge earnings off their authentic WIF funding and was at one level up almost 13,000X.
“5 wallets(might belong to the identical particular person) bought 14.53 million WIF ($24 million) [hours ago]!
Extremely, this man purchased 14.53 million WIF on Nov thirtieth, 2023, and the fee was solely $5,340!
He obtained a 4,497x return!
If he bought on the highest worth, he would have made a revenue of greater than $69 million, a 12,927x return!”
At time of writing, WIF is buying and selling at $1.31, down almost 18% within the final 24 hours.
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