In the dynamic world of cryptocurrency trading, whales continue to attract attention with their strategic moves and impressive profits. Especially transactions made with coins such as Solana (SOL), ETH, LINK are critical because they indicate large profits. Here are the details…
Long position in ETH and LINK benefited the trader
In the latest developments, on-chain analyst Ember Monitoring reported that a whale that made a $20.8 million profit on leveraged long ETH and LINK investments a few days ago has made a significant move and entered the market once again. This time, Whale provided a loan of 53 million USDT using 33,213 ETH (approximately $75.05 million) as collateral. The whale, which initially made headlines with a lucrative LINK investment, has recently resumed long ETH. The investor borrowed 53 million USDT via revolving credit with 33,213 ETH as collateral and strategically purchased 23,635 ETH at an average price of $2,242.
这个前几天在杠杆做多 ETH 和 LINK 投资上实现获利 $20.8M 的巨鲸，9 小时前重新开始杠杆做多 ETH：
以 33,213 ETH($75.05M) 为抵押品通过循环贷方式借出 5,300 万 USDT 买入 23,635 ETH，均价 $2,242。1⃣他在 7/20-10/8 以 $7.62 的价格买入 1,253,989
LINK，12/7 以 $14.95 均价全部卖出，获利… https://t.co/WekUmMbsoH pic.twitter.com/z6eQmMSM8c— 余烬 (@EmberCN) December 14, 2023
To provide context, the giant whale had previously purchased 1,253,989 LINK between July 20 and October 8. Selling at an average price of $14.95 on December 7, the investor made a staggering profit of approximately $9.2 million, showing a growth rate of 96%. Additionally, between October 17 and December 7, the whale used 20,016 ETH as collateral, using revolving loans to buy and sell ETH, resulting in an additional profit of $11 million.
Smart whales made huge profits with SOL
Lookonchain, a platform that monitors on-chain activity, has recently highlighted success stories of many smart investors. A trader spent 911 USDC to buy 11.4 million MYRO on November 9 and then sold 9.8 million MYRO for 157,984 USDC. Total profits exceeded a remarkable $183,000.
4/ This smart trader also spent 10 $SOL to buy 9.26B $CORN on Nov 17, then sold 1.26B $CORN for 60.86 $SOL yesterday.
The trader currently holds 8B $CORN(worth ~297 $SOL) and the total profit is 348 $SOL($25K, 35x). pic.twitter.com/OZ4btvn3MK
— Lookonchain (@lookonchain) December 14, 2023
Other traders on Lookonchain have demonstrated similar abilities. One trader converted 7,741 SOLs into 18,855 SOLs in just 28 days and made a profit of $780,000, an impressive gain of 144%. The investor’s journey included strategic moves, including buying BONK and CROWN, taking advantage of price fluctuations to maximize returns. These recent trading activities underscore the dynamic nature of the cryptocurrency market, where strategic moves and timely decisions can result in significant profits.
This trader turned 7,741 $SOL($543K) into 18,855 $SOL($1.32M) in 28 days, making $780K(+144%).
1/🧵
Let's see how he did it.👇 pic.twitter.com/KFOlCqIbjf
— Lookonchain (@lookonchain) December 14, 2023
