🚀🚀Million Dollar Move from Meme Coin Whale: Sold the One He Had and Bought a New One 🚀🚀
A crypto whale has shifted his investment to a new project by selling millions of meme coins.
According to data shared by Lookonchain, a major crypto whale has made a remarkable transaction. The whale sold 22.31 million MOODENG worth $9.13 million and bought 23.13 million AVA tokens with 6,365 SOL ($1.38 million).
The whale's MOODENG investment stands out as one of the most remarkable strategic moves made in recent months. Between September 23 and October 9, this whale spent 34,979 SOL ($5.1 million) to buy 22.31 million MOODENG. In the process, the whale made over $4 million in unrealized profits by taking advantage of price fluctuations, and this profit rose to $9.4 million for a while.
Such large transactions can significantly affect liquidity and volatility in the market. In addition, the increasing demand for lesser-known tokens such as MOODENG and AVA could revive investors' interest in these tokens.
The whale's shift to AVA after the profit it made from MOODENG raises questions about whether its strategy is long-term or short-term. However, one thing is certain: Such large movements provide important signals for investors who closely follow the market.
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