As of January 4, remarkable whale activity has been observed in the cryptocurrency market. One whale address made a profit of $2.015 million by selling 18.3 million PHA tokens accumulated over the last 9 months. Another whale bought 132,300 Solana worth $28.32 million and made an unrealized profit of $1.33 million on 10 million PNUT tokens. An Ethereum whale took a $77.68 million short position in ETH. Initially, his trade resulted in a loss of $908,000, but he eventually made a small profit of $117,000. This whale then increased his total short position to 20,612.13 ETH. Finally, a whale lost 298 SOL tokens ($63,400) after buying the wrong altcoin, AUTOSPORES. Here are the highlights:
Profits made with PHA, Solana and PNUT
First of all, according to @ai_9684xtpa’s tracking, a whale address liquidated 18.3 million PHAs accumulated in the last 9 months, earning a profit of $2.015 million. The address, which attracted PHA from Binance at an average price of $0.1818 between March and July 2024, took advantage of dips to buy. The total return of the whale, which recently deposited 14.1 million tokens, 77% of its position, back to the exchange at a price of $ 0.3428, amounted to 60.56%.
On the other hand, according to on-chain data analyst Yujin Monitoring, a whale/institution has accumulated 132,300 Solana worth a total of $28.32 million at an average price of $214 via Binance in the last 2 days. In addition, there is currently $1.33 million (+22%) in unrealized profit from 10 million PNUTs worth $6.12 million withdrawn from Binance five days ago.
ETH and the SPORES whale make interesting moves
There are also critical developments for the leading altcoin Ethereum. an incoming Ethereum (ETH) whale amassed a staggering $77.68 million short position against ETH. His initial short position of 10,612.59 Wrapped ETH (WETH) recently ended with a loss of $908,000. The whale then continued to open ETH short positions. It then traded through Aave at an average of $3,459.38. He then made a small profit of $3 117,000. The whale borrowed another 5,000 ETH at an average price of $3,501.79, bringing his total short position to 15,612 WETH.
Finally, according to the data, a cryptocurrency whale lost 298 SOLs worth $63,400 on a wrong altcoin purchase. The whale, who previously made huge profits with SWARMS, spent 325 SOL to buy an altcoin called AUTOSPORES, but when he realized his mistake, he panicked and sold all his AUTOSPORES tokens at a loss and then bought SPORES. This whale previously made a profit of $10.25 million from a $12.48 million purchase of SWARMS on December 20.
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