The whale finally cashed out! After holding for 6 months, DEGEN made a profit of 790,000 US dollars in one battle!
On November 15, as Binance announced the launch of DEGEN contract trading, the market quickly became lively. On-chain monitoring data shows that a long-lurking giant whale sold 6.43 million DEGEN in exchange for 70.78 ETH (about 219,000 US dollars). However, this is only part of the story-looking back at the flow of whale funds, it can be seen that this is a carefully planned profit battle.
Position building process: From April 8 to May 10, this whale used 934 ETH (3.42 million US dollars) to buy 140.71 million DEGEN at an average price of 0.0243 US dollars, completing the accumulation of low-level chips in the early stage. Position holding period: After more than 6 months of calm holding, the whale patiently waited for market opportunities until the good news of Binance launching DEGEN contracts landed, and accurately grasped the selling point. Profitable result: After deducting costs, the whale's operation has achieved a net profit of 790,000 US dollars, which can be called "the victory of the lurker".
The surge and plunge are all causal, the key lies in which side you stand on! Pay attention to Boshi, see the logic of whales, and stand firm on the top of profits!
