In the past week, a savvy investor known for their profitable trades has made headlines again. This trader, who previously made $6.87 million in profit on $WIF, has now invested $1 million USD Coin (USDC) to acquire 1.7 million $tremp tokens at an average price of $0.5831.
The smart money who made $6.87M on $WIF spent 1M $USDC to buy 1.7M $tremp at $0.5831 in the past 7 days.This trader spent $721K to buy 3.07M $WIF at $0.23, and sold 2.37M $WIF($5.47M) at $2.31, with 700K $WIF($2.12M) left.His total profit on $WIF is $6.87M!… pic.twitter.com/ToE2Lhlr9H
— Lookonchain (@lookonchain) May 16, 2024
Earlier, this investor purchased 3.07 million $WIF tokens for $721,000 at $0.23 each. Demonstrating impeccable timing and market insight, the trader sold 2.37 million $WIF tokens for $5.47 million at $2.31 each, retaining 700,000 $WIF tokens valued at $2.12 million. This series of trades resulted in a staggering total profit of $6.87 million on $WIF alone.
Whale’s Substantial Investment in $WIF
Six days ago, another significant player invested $4.2 million USDC to buy 1.4 million $WIF tokens at $2.99 each. This whale has a history of early and profitable trades in $WIF, accumulating a total profit of over $8 million from their ventures.
A whale spent 4.2M $USDC to buy 1.4M $WIF at $2.99 5 hours ago.This whale was an early trader of $WIF and made a total profit of more than $8M on $WIF.https://t.co/UWIt3TBsVQ pic.twitter.com/KYAsIZJ7AG
— Lookonchain (@lookonchain) May 10, 2024
These strategic moves by influential traders underscore the dynamic nature of the cryptocurrency market and highlight the potential for substantial profits through well-timed investments and sales. Market participants closely watch these developments, anticipating further movements and potential impacts on the value of $WIF and $tremp tokens.