GCR, one of the well-known names in the cryptocurrency world, sold a significant amount of altcoins, according to onchain data.
GCR, who is considered a “legendary” trader by some and is especially known by the cryptocurrency community on Twitter, sold $557,000 worth of CULT tokens by converting them into ETH and USDT about 2 hours ago, according to the data.
GCR received these tokens as an airdrop approximately a month ago, and at that time the tokens were worth around $1.72 million.
On the other hand, this sale came after the CULT price increased by 232% during the day. The altcoin, which climbed to $ 0.0049, has fallen to $ 0.0022 at the time of writing this article, with the movement it experienced later.
The trader’s current largest assets in known cryptocurrency wallets are $386,000 MPL, $95,000 VIRTUAL, and $77,000 OLAS. When known cryptocurrency wallets are evaluated, it is seen that the trader has made a total profit of 1,722% so far.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/during-memecoin-fluctuations-one-of-the-crypto-worlds-seasoned-traders-sold-altcoins-onchain-data-reveals/