These 17 Tokens Garnered a Whopping $13M Expenditure

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THETA

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A cryptocurrency whale, identified by Lookonchain, has made a significant Investment, spending a total of approximately 7,626 Ethereum (ETH), equivalent to $13.44 million, to purchase 17 different Tokens. Lookonchain has been closely following this whale’s transactional activity since August 7th, providing updates on their purchases.

Earlier this month, the whale spent around 1,784 ETH ($2.96 million) to acquire 2.6 million OLAS tokens. However, the value of OLAS has since decreased, resulting in a loss of $613,000 for the whale. Despite this loss, the whale still holds the OLAS tokens.

Another notable transaction involved the whale purchasing 23.36 million RLB tokens for approximately $2.62 million (1,430 ETH), followed by selling these tokens for 2,013 ETH. This sale generated a profit of 583 ETH ($758,000) for the whale. It is worth mentioning that the whale had the opportunity to make a higher profit on the RLB tokens, as they initially held a profit of $1.3 million on August 9th but decided to wait until the recent sale, resulting in lower gains.

The whale also bought 17,613 UNIBOT tokens earlier this month, spending 1,360 ETH in the process. However, they later sold 16,000 UNIBOT tokens at a lower price, incurring a loss of approximately $165,000.

Additionally, the whale purchased 21.74 million Bitcoin tokens (different from BTC) for 1,125 ETH ($2.06 million) at a rate of $0.0948. While the whale still holds these tokens, their value has increased, resulting in a profit of about $415,000 for the trader.

Out of the 17 tokens purchased by the whale, only around seven have proven to be profitable, giving the whale a win rate of 41%. The trader still holds seven tokens, possibly expecting them to perform better in the future.

In conclusion, this cryptocurrency whale has made significant investments, spending millions of dollars to acquire various tokens. While some transactions have resulted in losses, the overall win rate remains at 41%, with the possibility of better profits in the future..

”altcoins”


#13M #Spent #Tokens
 
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