A large whale, known in the cryptocurrency community as ETH and MKR whale 0x828, has made its first purchase of MAVIA tokens. Whale purchased 12,308 MAVIA for 100,000 USDC at an average price of $8,125. This process took place over a period of 25 minutes.
Whale had previously earned $357k (+10.7%) from MKR and $16.09 million from ETH. Additionally, he currently earns over $1 million from BLUR, despite having a variable loss on RLB.
MAVIA tokens have recorded a significant increase, gaining 32.96% in value in the last 24 hours.
In another development, whale with short address 0x373 sold 27,500 GMX ($1.2 million) for 436.2 ETH in the last hour at an average price of $43.72. This whale has previous GMX and ETH trading history.
Between December 28, 2023 and January 4, 2024, he purchased 77,666 GMX with 1,706 ETH at an average price of $51.33 ($3.99 million). Since January 10, 2024, it has sold 55,165 GMX for 939.9 ETH at an average price of $44.39 ($2.45 million).
Whale 0x373 still holds 22,501 GMX ($975 thousand) and has another $180 thousand in unrealized losses.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/a-big-whale-buys-binance-listed-altcoins-for-the-first-time-second-whale-sells-altcoins-at-a-loss/