Altcoin Whale Focused on 3 Projects: Selling the Profitable One and Adding It to the Loss-making One! - Coin Bulletin

robot
Abstract generation in progress

A whale bought 1,065 million DYDX by selling 206,100 UNI and drew attention with millions of dollars in profits and losses, along with AAVE in its portfolio.

According to the data provided by the on-chain analysis platform Lookonchain, a crypto whale made a remarkable transaction. The whale sold 206,100 UNI (worth 3.91 million dollars) and purchased 1,065 million DYDX (worth 2.83 million dollars).

The whale in question made a total profit of 6 million dollars from the UNI investment, a total loss of 205 thousand dollars from the DYDX investment, and a total profit of 1.7 million dollars from the AAVE investment.

The whale's decision to reduce its UNI holdings and turn to DYDX was considered a strategic change of position in the market. Such moves may reflect whales' expectations for specific projects and their predictions of market dynamics.

Experts warn that such transactions could cause short-term fluctuations in the market, so investors need to be cautious. The high profit from the whale's AAVE investments may indicate a long-term strategy.

UNI3.66%
DYDX4.64%
ALD3.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)