A savvy investor, known for raking in a $920,000 profit trading $MOTHER, has made a significant move in the past 10 hours.

They’ve spent $530,000 (3,391.22 $SOL) on $MOODENG, with an average price of $0.234.

曾交易 $MOTHER 获利 92 万美金的聪明钱 F4Kpk…VHRkB 过去十小时花费 3,391.22 $SOL （约 53 万美金）买入 $MOODENG ，均价 $0.234🦛

这不是该聪明钱首次交易河马，目前他累计投入 80.4 万美金建仓，已在 $0.0388 时卖出其中 12 万枚，剩余部分浮亏 9.75 万美金

钱包地址 https://t.co/sAckzCeVHX pic.twitter.com/HD4kLFjoiR

— Ai 姨 (@ai_9684xtpa) September 30, 2024

This isn’t the smart money’s first foray into $MOODENG. Their total investment stands at $804,000, with 120,000 coins sold at $0.0388. However, the remaining holdings are currently facing a floating loss of $97,500.

$MOODENG Holder Count Continues Increasing 

Despite this, the $MOODENG holder count continues to grow, with prices stabilizing between $0.23 and $0.29.

Moodeng holder count continues to increase while price ranges around $0.23-$0.29.

coins are becoming more distributed

could range for a while before another move upwards pic.twitter.com/hemulXDpSn

— Bitcoin Maxi (@Im_Hxrrison) September 29, 2024

Notably, the top holder has been actively accumulating coins, snapping up 20,000,000 in just two days. This aggressive buying spree, largely facilitated through @okx, accounts for 90% of their total accumulation.

The top holder of Moodeng has been sending thousands of SOL from @okx multiple times a day and has accumulated 20,000,000 coins

90% of the accumulation has been done in the last 2 days

looks to be exchange accumulation before a listing

— Bitcoin Maxi (@Im_Hxrrison) September 30, 2024

Industry insiders speculate that this accumulation may be a precursor to a listing on a major exchange. The smart money’s moves are often telling, and this significant investment could be a bellwether for $MOODENG’s future performance.

As the holder count increases and coins become more distributed, all eyes are on $MOODENG. Will this smart money move pay off, or is it a calculated risk? Only time will tell.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: oak22studio/123RF // Image Effects by Colorcinch

The post Smart Money Moves: Insider Buys $530,000 Worth Of $MOODENG Amidst Growing Holder Count appeared first on The Merkle News.