A mysterious trader with a perfect track record has been buying up Ethereum (ETH) for months, even as the price has been dropping.
According to blockchain tracker Lookonchain, this “smart money” whale has accumulated nearly $70 million worth of ETH since late May. They’ve been buying ETH from Binance, the biggest crypto exchange in the world.
This trader has a 100% success rate, meaning they’ve closed every trade with a profit. They bought a whopping 19,436 ETH at an average price of $3,511, but unfortunately, ETH is now trading at $2,271, down nearly 20% in the past day.
Meanwhile, another savvy investor cashed in on a Solana-based memecoin called dogwifhat (WIF). This investor, who bought 14.53 million WIF for just $5,340 back in November, made a massive $24 million profit by selling their holdings. That’s a 4,497x return!
However, WIF is now down 18% in the past 24 hours, trading at $1.31.
These stories highlight the volatility of the crypto market. While some traders are making huge profits, others are seeing their investments drop in value. It’s important to remember that crypto investments are high-risk, and you should always do your own research before investing.
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