cryptocoin.com As we have previously reported, a cryptocurrency whale made big gains with the purchase of Dogecoin in 2021, just before Elon Musk made DOGE his profile picture. The same mysterious cryptocurrency whale continues to turn to new altcoin projects. Finally, the mysterious DOGE whale has been acquired by RenQ Finance! Here are the details…
New move from the mysterious Dogecoin whale: RenQ Finance!
The crypto money whale, whose identity is still unknown, draws attention with its new purchases. According to the transmitted data, the DOGE whale, which made a large amount of profit from DOGE in 2021, made a profit of close to 1 million dollars last week, when Twitter replaced its logo with DOGE instead of the iconic bird.
As you may remember, on July 21, 2021, Elon Musk decided to put his picture on sunglasses reflecting the DOGE logo as his Twitter profile. At the time, Musk was under the radar of the crypto community due to his tweets about DOGE that led to DOGE price volatility. Following this move, the profile picture with sunglasses showing DOGE caused the price increase.
The mysterious investor, known on Twitter as Tree of Alpha, was lucky enough to buy $22 million in Dogecoin just moments before Musk changed his profile picture in 2021. The price increase after the new painting made the investor a millionaire overnight. The lucky investor followed the business and witnessed history repeating itself. On April 3, 2023, Elon Musk identified the iconic DOGE logo as the new Twitter logo, resulting in a 30 percent increase in DOGE prices. The mysterious whale traded at an average purchase price of $0.0815 last week and admitted to making $1 million more from DOGE transactions by selling at $0.095.
Whale heads towards new altcoins!
According to the data transferred, the giant crypto money whale seems to move away from DOGE a little after large DOGE transactions. Attracting attention with his recent RenQ Finance purchase, the whale guided many crypto money investors. Investors evaluate suitable buying opportunities for RenQ Finance. So what is RenQ Finance?
RenQ Finance is a DeFi protocol built on the Ethereum (ETH) blockchain that provides services such as staking and lending. The unnamed Dogecoin whale has not disclosed the reason behind its decision to purchase RenQ Finance or the amount it has set aside for the purchase. However, given his track record of making lucky investment decisions, this acquisition caught the attention of the crypto community and caused particular excitement around RenQ Finance.
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