Dormant Trader Ends FET Trade After Two Years

Dormant trader 0xcaa swapped the remaining 143,496 FET tokens for 77.45 ETH (worth $295K) approximately 14 hours ago, marking the end of over two years of inactivity with the token.

Key points:

This marks the conclusion of the trader's first FET trade with an estimated total profit of $274K (+245%).

The trader initially withdrew 348,806 FET from Binance at an average cost of $0.32 per token (totaling approximately $112K) on June 21 and August 7, 2021.

The tokens were then deposited back to Binance or sold via DEX at an average price of $1.105 per token, generating about $385K on August 24, 2021, March 20, 2022, and June 5, 2024.

This strategic move comes just ahead of the upcoming token merger for three major crypto AI projects (FET, AGIX, and OCEAN) set for June 13, potentially signaling the trader's anticipation of market changes.

Address: 0xcaa473b30abc039fb184d50896086bb7d1372500

Stay tuned for more insights as we approach the significant AI token merger!