The decentralized finance (DeFi) market was recently shaken by the transfer of $ 4.41 million to Binance by an altcoin whale known as 0x57d. This investment also heralded the significant profits the whale made from three different DeFi tokens. This mysterious whale deposited 546,268 UNI tokens ($3.68 million), 250 MKR tokens ($655,000) and 201,914 1INCH ($76,000) to Binance in a short period of 13 minutes. After completing his investments, he made significant profits by making his first transactions in these tokens. These investments and the profits obtained show that interest and confidence in the DeFi market has increased. Although there is no clear information about the whale’s identity and investment strategy, these moves can be an inspiration for other investors.
Whale sold altcoins during crash
There was a great movement in the Decentralized Finance (DeFi) markets. A cryptocurrency whale known by the short address 0x57d invested $4.41 million in three DeFi tokens on Binance and made significant profits in a short time. The whale deposited 546,268 UNI tokens ($3.68 million), 250 MKR tokens ($655,000) and 201,914 1INCH tokens ($76,000) in just 13 minutes. Prices at the time of trading were $6.73 for UNI, $2.621 for MKR and $0.377 for 1INCH.
After completing his investments, the whale made significant profits by making his first transactions in MKR, UNI and 1INCH tokens. Whale made a profit of $1.14 million (up 76.1%) trading 1,390 MKR between August 19, 2023 and April 14, 2024, and $375,000 (up 11.3%) trading 546,268 UNI between May 12, 2022 and April 14, 2024. Finally, the whale earned $100,000 (up 40.2%) on 701,914 1INCH trades between November 10, 2023 and April 14, 2024.
The whale has ENS and LQTY
However, despite the gains, the whale still holds a small amount of 7,550 ENS ($93.5k) and 63,005 LQTY ($58.8k) tokens, both of which are currently causing unrealized losses for the whale. These investments and the profits obtained, cryptokoin.com As we reported, it shows the moves of investors during the bloodbath in the market. Although there is no clear information about the whale’s identity and investment strategy, these moves can be an inspiration for other investors. Such large investments in the DeFi market also give clues about the future of the market.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.