While Bitcoin continues its sideways movements above $43,000, altcoins are performing better compared to BTC.
At this point, while the largest altcoin Ethereum rose above $ 2,400, ETH whales also took action.
According to Lookonchain’s post, a whale who was successful in ETH trading sold 17,700 ETH worth $ 42.19 million at $ 2,384 after the ETH rise.
The whale, which earned 5.8 million dollars from this sale, reached a 100% earning rate by buying and selling ETH from the bottom in the last 3 months.
Continuing his buy low, sell high strategy after this sale, the whale bought 9,168 ETH at $2,380 and spent 21.82 million DAI to buy it.
“This smart whale is really good at trading ETH!
Today, after ETH rose, he sold 17,700 ETH worth $42.19 million (42.19 at $2,384) and made approximately $5.8 million!
In the past 3 months, this whale has always bought ETH at the lowest price and sold it at the highest price, with a 100% win rate!
The smart whale continued his ETH strategy and started buying back ETH at a lower price.
So far, Whale has spent 21.82 million DAI to purchase 9,168 ETH at $2,380.”
ETH continues to trade at $2,398 at the time of writing.
This smart money is buying $ETH back at a lower price.
He has spent 21.82M $DAI to buy 9,168 $ETH at $2,380 so far.https://t.co/yGkFI6qpnj pic.twitter.com/SIkHX4AnXs
— Lookonchain (@lookonchain) December 28, 2023
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Source: https://en.bitcoinsistemi.com/ethereum-eth-whale-with-100-percent-winning-rate-started-buying-altcoins-again/