Not all of this whale's purchases turned out to be profitable.
Lookonchain has been monitoring the transactional behavior of a cryptocurrency whale in recent days, tweeting several times about them since Aug. 7.about 1,784 ETH to buy 2.6 million OLAS, a token still held in the wallet but trading at a $613k loss.for about $2.62 million . Subsequently, the same whale sold these tokens for 2,013 ETH, yielding a profit of 583 ETH, or $758k.
On Aug. 9, the RLB in the whale’s wallet had even higher profits of $1.3 million, but they stuck with it until the recent sale, making fewer gains.each at $143.55 and a total expenditure of 1,360 ETH in the process. Like those mentioned above, this purchase was done earlier in the month. Later, the trader sold 16k UNIBOT at $133 each, losing about $165k.
In addition, this whale purchased 21.74 million Bitcoin tokens for 1,125 ETH at a rate of $0.0948. While the whale still holds the $BITCOIN, its value has swelled, meaning the trader is now in a profit of about $415k. Overall, out of the 17 tokens purchased by the whale, only about seven have proven profitable; hence, the whale has a 41% win rate. The trader has yet to sell seven tokens, perhaps hoping for better price performance in the coming days.
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