Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet?

$5.98M WETH Buy in 13 Trades: Is ETH Primed to Soar?

  • High-win smart money accumulates 7,428 WETH in 13 rounds, per Arkham Intelligence.
  • The anonymous trader transfers $5.98M in a single 2,379 WETH transaction.
  • Trader’s average acquisition cost stands at $2,477 per WETH.

A crypto trader purchased 2,379 Wrapped Ether (WETH) worth $5.9 million in a series of strategic moves. And, in over 40 minutes, they acquired a total of 7,428 WETH at an average price of $2,477 per WETH. While this demonstrates the potential rewards of careful planning, experts warn against blindly copying large traders without understanding their strategy.

In a volatile market, the trader’s methodical approach appears to be generating high returns. This trader has a history of making large, calculat…

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Source: https://coinedition.com/crypto-whale-accumulates-5-9m-in-weth-smart-money-or-risky-bet/