In a recent series of transactions, a prominent investor, known as the smart money, has strategically allocated substantial funds towards various altcoins. It showcases a calculated approach to diversification and potential gains. It is a significant asset portfolio totaling $23.3 million. The strategic moves of the investor reflect confidence in the cryptocurrency market’s growth potential.
Which altcoins is the smart money buying?The smart money holds $23.3M of assets and has previously made $1.67M trading $FTM.He bought $MKR, $FTM, and $PEPE recently.$FTMHe spent 726 $ETH($2.26M) to buy 3.18M $FTM on May 7.He bought 3.39M $FTM($1.13M) at $0.33 on Jan 24… pic.twitter.com/zWomtrBBFk
— Lookonchain (@lookonchain) May 11, 2024
Investor Secures Millions through $FTM and $MKR Altcoin Investments
The investor’s excellent sense of opportunity is reflected in the purchase of $FTM tokens. On May 7, he made a significant investment of 726 ETH ($2.26 million) to acquire 3.18 million $FTM coins. This follows a previous successful initiative in which they purchased 3.39 million $FTM tokens at $0.33 on January 24. Later, on March 19, they sold these tokens for $0.83, making a profit of nearly $1.67 million.
Diversifying the investment portfolio, the investor recently secured 464 $MKR tokens at a price of $2,697. This total amount of investment was $1.25 million. Additionally, a previous transaction involved the purchase of 428 $MKR tokens for 379 ETH, valued at $1.22 million, at a rate of $2,846 on April 30.
Investor Expands Portfolio with $PEPE Token Purchase
The investor further expanded the investment horizon. Consequently, he strategically allocated $558,000 towards purchasing 70 billion $PEPE tokens on May 8. This strategic move underscores the investor’s commitment to exploring emerging opportunities within the altcoin market. $PEPE acquisition is on the rise this week.
All transactions were executed through the investor’s wallet, with the address 0xd87666833ba1b370ac77f609696267ea8f30a727. These actions demonstrate careful planning and execution in altcoin investments.
The recent altcoin investments by the smart money investor show strong belief in specific cryptocurrencies and their ability to increase in value. The investor used a thoughtful and deliberate strategy. In this way, he successfully manages the ever-changing world of cryptocurrency. This allows him to take advantage of different investment options.
