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).
