In the fast-paced world of cryptocurrency trading, whales continue to make waves with their strategic moves. The latest data shared by Lookonchain has revealed interesting transactions made by smart investors, which include three altcoins (PEPE, LADYS and GMX) showcasing their prowess in the market. Here are the details…
Whale bought LADYS
Exnetwork Capital, a leading player in the crypto space, has demonstrated its confidence in LADYS, a promising token with significant investments. About 1 hour and 40 minutes ago, Exnetwork Capital purchased approximately 775 billion LADYS tokens, which equates to an expenditure of 50,000 USDC. The purchase was made at just over $0.00000006454 per token. This move demonstrates Exnetwork Capital’s belief in the potential of LADYS.
Exnetwork Capital(@exnetworkcap) spent 50K $USDC to buy 775B $LADYS at a price of $0.00000006454 30 mins ago.
Exnetwork Capital spent 10K $USDC to buy 327B $LADYS 2 hrs after @elonmusk tweeted, and then sold for 34,651 $USDC, making a profit of $24,651.https://t.co/ivO5Kz8RUW pic.twitter.com/fxQkjYuNkk
— Lookonchain (@lookonchain) May 22, 2023
Further investigation into Exnetwork Capital’s activities revealed another intriguing acquisition. On May 11, shortly after a tweet from famous entrepreneur Elon Musk, Exnetwork Capital invested 327 USDC to buy 10,000 billion LADYS tokens. Later, the firm sold 34,651 USDC, making a profit of $24,651. This transaction pointed to the impact of social media on the cryptocurrency markets. That is, he emphasized the profitability that can be achieved with well-timed investments.
GMX transactions also attracted attention
Meanwhile, Twitter EmberCN reported on a major transaction involving altcoin GMX. An anonymous giant whale exchanged more than 36,000 GMX tokens for 2.13 million DAI about 9 hours ago. This swap had an immediate impact on the price of GMX on CEX, causing it to drop from $61.4 to $60.2. The whale’s position on GMX was originally purchased on March 14 for an average price of $71.9. However, due to the last trade, the average selling price is currently at $58.3, resulting in a loss of about $500,000. Despite this setback, the giant whale had previously made around $570,000 in profits through strategic transactions involving GMX.
8 小时前，一鲸鱼卖出 36,834 $GMX 换成 2.13M $DAI （均价 $58.3）。
受此影响，CEX 的 GMX 价格也由 61.4 下跌至 60.2。该鲸鱼 GMX 是在 3/14 以 $71.9 的均价买入，现以 $58.3 售出，本次投资 GMX 实现亏损 $0.5M。
不过在此前他还有过一次 GMX 投资，那次是盈利的：👇
推文由 @LionDEX_CN 赞助 pic.twitter.com/yeGTrgbfKy
— 余烬 (@EmberCN) May 22, 2023
1.33 trillion PEPE sold
Finally, Lookonchain reported the actions of a smart money investor in the Pepe (PEPE) token. In the last 24 hours, this investor has decided to sell his entire holding of 1.33 trillion PEPE tokens. The sale yielded 1,162 Ethereum (ETH) worth approximately $2.11 million with an average selling price of $0.000001595. The timing of this sell-off was appropriate, as CoinMarketCap showed a 9.41 percent drop in the price of PEPE during the transaction to $0.000001546. Also, PEPE has outperformed market leaders Bitcoin (BTC) and Ethereum (ETH) in the past 24 hours, losing 8.30% against BTC and 8.82% against ETH.
