Smart Crypto Whale Moves Lead to Fantastic Market Gains
Amidst the ever-attracting crypto market fluctuations, one of the big holders, or better known as a "whale", has made a very impressive move at the beginning of this month. With an account named smartestmoney.eth, this whale has proven his expertise in playing the crypto market.
According to the latest analysis by on-chain analyst, Ember, smartestmoney.eth has transferred a total of 1,307,000 EIGEN, which he bought at the beginning of the month, to Binance. This transaction is nothing more than a preparation to take a very significant profit from their investment.
Purchased at an average price of $2.54 per EIGEN at the beginning of the month, smartestmoney.eth invested when the price was at its lowest point. Given the current value of $3.95 per EIGEN, this move is not only smart but also very profitable. If all of the EIGEN were sold, their initial investment would generate a profit of $1.84 million, which means an increase of around 55%.
The story of smartestmoney.eth is proof that with good analysis and good timing, the crypto market can be very profitable. Of course, it is not without its risks. However, with constant market monitoring and a smart strategy, even during volatility, the opportunity to earn significant returns on investment remains wide open.
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