A savvy trader on the decentralized exchange (DEX) scene has made some strategic moves, heavily trading $MOG and recently making his first purchase of $PEPE.
In early April, the trader invested $186.67K to acquire a massive 382.76 billion $MOG tokens. Not long after, he sold 182.82 billion $MOG for $284.3K, turning a tidy profit.
Between June 17 and 18, he continued his trading activity by purchasing another 134.5 billion $MOG, worth $105.2K. Shortly after, he sold 167.14 billion $MOG for $209.8K, once again demonstrating his sharp timing and profit-driven strategy.
Trader Moves $MOG TokensÂ
At present, the trader has moved all remaining $MOG tokens, totaling 304.36 billion ($319.7K), into a sub-wallet for long-term storage. This move suggests he may be preparing to hold onto the tokens as part of a broader strategy.
đź”” Smart Dex Trader’s Strategic Move: $MOG and First-Time Purchase of $PEPE
At the beginning of April, this trader spent $186.67K to buy 382.76B $MOG, later sold 182.82B $MOG ($284.3K).
Between June 17 and 18, he bought more 134.5B $MOG ($105.2K) and sold 167.14B $MOG… pic.twitter.com/yX9K4MZeeB
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 14, 2024
In a new development, just five hours ago, the trader made his first-ever purchase of $PEPE, buying 12.59 billion tokens for $99.2K. Like his $MOG holdings, this amount has also been transferred to his sub-wallet, signaling a potential long-term bet on $PEPE as well.
This trader’s well-timed buys and sells reflect a strategic approach to maximizing profits while carefully storing assets for the future. With both $MOG and $PEPE now in his portfolio, it will be interesting to see how these decisions play out in the rapidly changing DEX market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/smart-dex-trader-makes-strategic-moves-with-mog-and-first-pepe-purchase/