A $GOAT whale has been making significant profits through strategic trades, turning a massive investment into a substantial return.

Initially, this whale spent 602.64 $SOL to purchase 10.71 million $GOAT tokens.

In a recent move, they sold 9.25 million $GOAT for 19,669 $SOL, realizing an impressive profit of 19,067 $SOL, or approximately $3.2 million — a 32x return on their initial investment.

Despite cashing in, the whale still holds 1.46 million $GOAT, currently valued at $506,000, signaling their continued belief in the token’s potential. Following a dip in $GOAT’s price, this savvy investor withdrew an additional 2 million $USDC from Binance to buy more $GOAT, showing they are far from done.

Whale Spends Massive $7.14 Million To Buy $GOAT Tokens 

In just the past four days, the whale has spent a staggering $7.14 million to acquire 21.39 million $GOAT tokens at an average price of $0.3338, using four different wallets to make these purchases. The accumulation strategy seems relentless, with buying activity still ongoing.

This whale’s moves are closely watched by the crypto community, as such high-profile trades often influence market sentiment. With the whale still actively purchasing $GOAT after taking significant profits, it’s clear that they see long-term potential in the token, even as prices fluctuate.

For now, the whale’s accumulation spree continues, and investors will be keeping a close eye on their next steps in the $GOAT market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: calima3d/123RF // Image Effects by Colorcinch