Over the past 24 hours, six major cryptocurrency investors, known as whales, took advantage of the price growth rebound and conducted transactions on the two largest cryptocurrency exchanges, Coinbase and Binance. The whales transacted 7.16 million RNDR (AI Narrative Coin) valued at $77.9 million.
RNDR Token Trading Strategy Yields 171% Profit for Whale
Large assets holders have generated an astronomic $60.9 Million profit. The recent whale deposit of 150,000 $RNDR tokens was recorded on the Binance platform, the price of the token was $10.817. The wallet address for dispatching is 0x4e469fd18185175fcf141a5cc46dfb183aba6402.
This whale has profited $4.41 million, 171% of their initial investment. Through the following strategic steps, On January 9, 2024, the whale took out 650,528 RNDR tokens from Binance at an average price of $3.966 and then deposited 250,000 RNDR tokens back to Binance at an average price of $10.9 in the past 6 hours. Currently, this whale still holds 400,528 RNDR tokens and its value is $4.33 million.
Whale Deposits $1.57M Worth of RNDR Tokens on Binance
It is important to mention that this whale 0x4e469fd18185175fcf141a5cc46dfb183aba6402 is linked to five whales trading 2.588 million RNDR tokens since October 15, 2023. These whales have the same pool of Binance deposit addresses 0x494 and 0x504 and earn a total of $ 15.96 million from trading RNDR.
In its accounts they currently hold 412,097 RNDR tokens worth $ 4.45 million. Notably, in another recent transaction, the whale 0x4e469fd18185175fcf141a5cc46dfb183aba6402 made a deposit of 150,000 RNDR token into Binance, and at the current $10.44 price, this deposit value is $1.57 million.
Source: https://blockchainreporter.net/rndr-whales-generate-60-9m-profit-in-recent-cryptocurrency-transactions/