Cryptocurrency enthusiasts and traders are excited as the altcoin market witnessed some noteworthy transactions by leading whales. Here are the latest developments from the world of crypto trading…
Profitable move from the giant whale
First, a massive whale whose address begins with “0xed8” made a series of transactions that caught the attention of many in the cryptocurrency community. Spot On Chain monitoring system reported that just 45 minutes ago this whale sold a large amount of Wrapped Bitcoin (WBTC) at an average price of $34,765. WBTC worth 152,885 was exchanged for 5,315 million USDC. That means a significant profit of $69,600 was made in just five days. This whale traded WBTC four times in total, only managing to make a profit once. It also made a significant total profit of $571,000, representing a significant increase of 3.42 percent.
Is The Graph team selling?
Today, October 26, Lookonchain revealed that an entity known as “graph.eth” made a notable move by depositing 50 million GRT (approximately $5 million USD) on Binance. The timing of this deposit is interesting as graph.eth last processed a significant amount of GRT transactions between December 15, 2022 and February 7, 2023, during the previous GRT surge. Market data coinciding with this move shows that GRT has increased by 9.6% in the last 24 hours, reaching the current price of $0.1001.
KR1 Plc launches altcoin sales
Crypto investment firm KR1 Plc has made headlines recently with its activities related to Lido DAO (LDO). According to The Data Nerd, KR1 Plc has launched a sale on the Kraken exchange. Just three hours ago, KR1 Plc made a notable transaction by selling 600,000 LDO worth $1.14 million at a rate of $1.9 per token. It is worth noting that KR1 Plc purchased 15 million LDO tokens for just $150,000 in 2020, paying just $0.01 per altcoin. KR1 Plc sent and sold a total of 3.2 million LDO tokens in a series of transactions this year, achieving an average selling price of $2.14.
KR1 Plc’s LDO trading activities resulted in a significant profit totaling $6.8 million. As of now, KR1 Plc holds 12 million LDO tokens worth $23 million. These latest developments in the crypto market show the potential for significant gains and strategic moves by whales and investment firms. The cryptocurrency world continues to develop rapidly and every day brings new opportunities and surprises for investors. Stay tuned for more updates on the dynamic crypto world.
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