A trader reportedly made a significant profit by clearing out a large number of LSD tokens, earning around $1.7 million before the market started to decline. According to Spot On Chain, The trader then swapped out 1.5 million $LDO at $2.33 and made an approximately $1 million profit. They also swapped out 65,000 $RPL at $44.49 and earned around $661,000. The trader had invested in $LDO and $RPL a year ago and had been a strong holder ever since.

Regarding $LDO , the trader had amassed 1.536 million $LDO in early 2022, using 1,000 $ETH and enjoying an average price of $1.68 ($2.58 million). As soon as the market started to show signs of dumping, the trader swapped all of their $LDO for 1,871 $ETH . The average selling price was $2.33 ($3.58 million), resulting in an approximately $1 million profit.

Regarding $RPL , the trader got 61,500 old $RPL from 600 $ETH in 2021 (approximately $2.2 million) and got 59,200 $RPL from 2 million $USDC in 2022. The trader has a total of 120,700 $RPL at $34.4 (approximately $4.2 million).

They recently swapped 65,400 $RPL to 1,500 $ETH ($2.9 million) at $44.5. The realized profit is $661,000, and the unrealized profit is $449,000 (holding 55,400 $RPL ).

#Xrp #RPL #Binance #crypto2023 #crypto

A mysterious wallet has raised eyebrows in the crypto community by swapping 1,202 ETH worth $2.18 million for 42,626 RPL over the past 28 hours. The wallet was created just over a day ago and withdrew the ETH from Binance to conduct the swap. The average price for the swap was $51.08.

The wallet has continued to accumulate RPL, with its latest inflow being 28,831 RPL purchased at a cost of 819 ETH, which equates to roughly $1.49 million at the time of writing. The wallet now holds all of its accumulated RPL, which is currently worth $2.22 million, making it the 28th richest RPL wallet.

The wallet’s activity has sparked speculation in the crypto community that an accumulation strategy may be underway. Investors and traders alike are keeping a close eye on this wallet and its future activity.

The wallet’s address on Etherscan is public, allowing anyone to monitor its activity. As the accumulation strategy may continue, it is advised to keep an eye on this wallet and its activity.

It is worth noting that the crypto market is notoriously volatile, and while this wallet’s accumulation strategy may seem promising, it is important to exercise caution and conduct thorough research before making any investment decisions.

Wallet Address :-https://etherscan.io/address/0xc9658c48e0d8f6E9525d461b05db83C0A05152e3

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