An anonymous crypto whale sold his 416.8 million MEW coins for a profit of $1.52 million.
This massive sell-off caused short-term fluctuations in the price of MEW coin but did not affect the whale’s earnings. The sell-off also showed how profitable a regular buying strategy can be in the long run.
According to Lookonchain’s report dated November 29, the anonymous whale sold 416.8 million MEW coins, making a profit of 16,270 SOL (approximately $3.94 million). As a result of this transaction, the whale earned a total of $1.52 million. The whale had collected MEW coins on July 15 through a regular purchase strategy.
The transaction caused significant movement in the cryptocurrency market. After the sale, which had a major impact on the supply of MEW coins, there were short-term fluctuations in the price of MEW. However, these price movements did not affect the whale's profit.
The MEW coins he collected with his regular purchase strategy allowed the whale to successfully manage his long-term investment goals. This strategy served the purpose of making a profit by minimizing price fluctuations, and the whale sold the investment correctly in time.
The whale held onto the MEW coins he bought for 10,000 SOL for four months, selling them to make a profit after the price increased. This transaction revealed how big investors approach the markets and shape their strategies.
A regular purchase strategy at the right time in the cryptocurrency market can enable investors to achieve the profits they are targeting. This transaction made by the whale attracted attention with its impact on the market and investment success and can be a guide for other investors.
According to the latest data, MEW coin is trading at $0.009461, down 1.04 percent in the last 24 hours. It is noted that the altcoin's price has seen a downward trend after the whale's sale.
