🐋 Smart Whale 0xfc9/0x30d Deposits $RNDR to Coinbase Prime

Transaction Details:

Transaction ID: 0x1edc4e97d298a55d572cfd3d37b2894da4bfff05a4000a4dbe036e941c6059bd

Selling Address: 0x30d5f549eef7a1d8800814e6745f34c2828c77ed

Main Address: 0xfc977dcc6d26e738cc7b667aec6575292f89e116

Amount Deposited: 1.19M RNDR ($8.3M)

Trading Summary:

Initial Withdrawal: 3.611M RNDR from Binance at an average cost of $2.283 ($8.24M) between May 5 and July 17, 2023.

Deposits Back: Tokens deposited back to Binance and Coinbase (Prime) at an average price of $4.263 ($15.4M) between June 22, 2023, and July 4, 2024.

Holding Period: Over a year

Profit: Estimated profit of $7.15M (+86.8%)

Whale's Overall Trading Performance:

Cumulative Profit: $20.97M

Tokens Traded: 11

Successful Trades: 7

Win Rate: 63.6%

Implications:

Strategic Trading: The whale demonstrated a strategic approach, buying low and selling high over a significant period, highlighting a disciplined and profitable trading strategy.

Market Impact: Large deposits to exchanges like Coinbase Prime can influence the price and trading volumes of RNDR.