Smart Money Whale Purchases 1.49 Million ARBs – Insights, Profitability and More
On April 14th, according to Lookonchain monitoring, a smart money giant whale purchased 1.49 million ARBs today with 1057 ETHs (approximately $2.24 million), with an average purcha
On April 14th, according to Lookonchain monitoring, a smart money giant whale purchased 1.49 million ARBs today with 1057 ETHs (approximately $2.24 million), with an average purchase price of $1.5. The giant whale has traded a total of 23 tokens, of which 15 tokens are profitable, with a winning rate of 65% and a total profit of over 7.3 million US dollars. The smart money started purchasing MATICs on July 5, 2022, buying a total of 15.73 million MATICs at an average price of $0.64 and selling them at an average price of $0.84, earning a profit of over $3 million. After purchasing 2.91 million MATICs at an average price of 0.74 US dollars (approximately 4.28 million US dollars), the current price resulted in a profit of 2.12 million US dollars and a return on investment of 98%. In early January of this year, the smart money bought 1.09 million LDOs on Coin An and sold them for $2.2 on January 30th, earning a profit of $1.09 million. From February 23rd to March 3rd, he purchased 23.5 million TRUs from Coin An at an average price of $0.07, and then sold them for $0.1 from March 8th to 10th, with a profit of approximately $643000.
A smart money address bought 1.49 million ARBs at an average price of $1.5 today
The cryptocurrency market is known for its fast-paced and ever-changing nature. In recent news, a whale in the market has made a significant purchase of ARBs. On April 14th, Lookonchain monitoring reported that a smart money giant whale bought 1.49 million ARBs with 1057 ETHs (equivalent to approximately $2.24 million) with an average purchase price of $1.5.
The Smart Money Whale in Detail
The smart money whale has made a significant impact in the cryptocurrency market, trading a total of 23 different tokens. Out of these tokens, the smart money whale has made profits on 15 tokens, resulting in a winning rate of 65% and a total profit of over $7.3 million. The whale’s strategy seems to be strategic and well-calculated, resulting in long-term profitability.
The History of Smart Money’s Purchases
The Smart Money whale’s purchases have been lucrative, to say the least. The whale began purchasing MATICs on July 5th, 2022, buying a total of 15.73 million MATICs at an average price of $0.64 and selling them at an average price of $0.84. This wise investment resulted in a profit of over $3 million.
The Smart Money then went on to purchase 2.91 million MATICs at an average price of $0.74 (approximately $4.28 million). Currently, the smart money has made a profit of over $2.12 million, resulting in a 98% return on investment.
In early January of this year, the smart money whale purchased 1.09 million LDOs on Coin An and sold them for $2.2 on January 30th, resulting in a profit of $1.09 million. This purchase was a testament to the whale’s ability to recognize profitable investments.
From February 23rd to March 3rd, the smart money whale purchased 23.5 million TRUs from Coin An at an average price of $0.07 and then sold them for $0.1 from March 8th to 10th, resulting in an approximate profit of $643,000.
What is ARB?
Arbitrum (ARB) is a Layer 2 scaling solution built on Ethereum. It aims to provide faster and cheaper transactions while still maintaining the security and decentralization of Ethereum. The growing popularity of Layer 2 solutions has resulted in many traders investing their money in ARB.
Conclusion
The Smart Money whale’s strategic investments and calculated risks have resulted in significant profitability, demonstrating the value of cryptocurrency as a worthwhile investment. The purchase of 1.49 million ARBs is a testament to the possibilities of the cryptocurrency market, and investors should take note of these significant purchases.
FAQs
1. What is a smart money whale?
A smart money whale is a term used in the cryptocurrency market to describe an investor or trader with significant resources who is active in the market and has a winning strategy.
2. What is the winning rate of the Smart Money whale?
The Smart Money whale has a winning rate of 65% resulting in a total profit of over $7.3 million.
3. What is Arbitrum (ARB)?
Arbitrum (ARB) is a Layer 2 scaling solution built on Ethereum aimed to provide faster and cheaper transactions while maintaining the security and decentralization of Ethereum.
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