Although the leading cryptocurrency Bitcoin started to rise after the positive Grayscale decision from the court, this did not last long and fell back to the $ 26,000 level after the ETF decisions from the SEC.
While the decline in BTC also affected altcoins, many altcoins experienced declines in parallel with Bitcoin.
One of the altcoins that experienced a decline was Rollbit Coin (RLB). And whales took advantage of this decline and bought.
According to Lookonchain’s post, the whale, which was successful in RLB trading and previously earned $ 358,000, bought RLB again.
Accordingly, a whale who was good at finding the bottom and the highest level in RLB again bought 7.1 million RLB at $ 0.175.
“A smart whale, who was good at buying RLB at low levels and selling at high levels in August, bought 7.1 million RLB again at $0.175 in September. He spent 1.25 million USDC in exchange for the RLB he purchased.
“This whale had previously earned $358,000 from RLB trading.”
A SmartMoney who was good at buying $RLB at lows and selling at highs in August spent 1.25M $USDC to buy 7.1M $RLB again at $0.175 in September.
The SmartMoney made $358K on $RLB before.https://t.co/ZzZnQvFarc pic.twitter.com/5TyXEmytFz
— Lookonchain (@lookonchain) September 4, 2023
According to CoinMarketCap data, RLB, which rose to $ 0.21, continues to be traded at $ 0.16 at the time of writing.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/the-whale-which-was-successful-in-finding-the-bottom-in-this-altcoin-bought-again-is-ascension-near/