Whale with 5.75x Return Continues DOGE Selloff
In the last 9 hours, whale 0x4c7 sold 1.85M DOGE (~$298K) at an average price of $0.161, receiving 83.66 ETH:
Selling Address: 0x4c7a572ad38aed2c1d33fbfeba7bd69a83ec0e30
Other DOGE-Holding Addresses:0x2ea0149f6a717521c10a85243e61b5941ad6d8a8
0x781f939973ee299a187529fd0b7fee5f9fa9bc67
DOGE Trade Overview:
Initial Accumulation: Acquired 9.589M DOGE at an average price of $0.02835 (~$272K) between September 13 and November 6, 2024, before the pump.
Sales to Date: Sold 4.703M DOGE for $932K at an average price of $0.198 since November 13, 2024.
Remaining Holdings:4.886M DOGE (~$905K) held across three wallets.
Profit Analysis:
Total Cost: ~$272K
Total Sales: ~$1.49M
Net Profit: ~$1.56M
Return on Investment: 5.75x
This whale continues to capitalize on DOGE's recent price action, strategically selling into strength while retaining a substantial holding. The remaining DOGE in their wallets suggests they may further profit from future price movements.