News

Smart Traders Continue To Bet On $CULT Despite Controversial Launch And Price Decline

Despite the controversial launch and ongoing price decline, $CULT (@MiladyCult) is still attracting attention from several sharp traders who believe in its potential.  

One notable trader, “0x572,” made a significant move just six hours ago, investing 207 ETH (worth about $754K) to acquire 127.89 million $CULT tokens. This move comes after a string of profitable investments, with the trader currently holding $1.76 million in unrealized profits from positions in $MOG (+244%) and $PEPE (+187%).

Another prominent figure, blurr.eth (@blurr_eth_), swapped 80,000 $EIGEN (valued at $360K) for 58.28 million $CULT over the past two days. Known for his sharp trading moves, blurr.eth. gained recognition back in 2021 for a notable wash trade involving his #9998 punk, which earned him 124K ETH. His portfolio also includes a profit of 215 ETH ($255K) made during the stETH depeg in 2022, as well as his involvement in deploying $RFD (@ReFundCoinETH) in 2023.

Despite the volatility and skepticism surrounding $CULT, these well-known traders are showing confidence in its potential. Their continued investment in the token suggests that they see long-term value despite the challenges faced by the project. As these high-profile traders hold significant stakes in $CULT, their moves are likely to influence other market participants, keeping the token in the spotlight.

Related Post

While $CULT’s price has been fluctuating, its strong backing from experienced traders could signal more upside potential if the token’s underlying fundamentals strengthen over time.

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: phongphan/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Whales Accumulate $PARTI Token as Major Exchanges and Investors Eye the Layer-1 Network

Accumulation of the $PARTI token, which is native to the blockchain of the Layer-1 Particle…

25 minutes ago

Solana Faces 8% Dip Amid Market Volatility, But Ecosystem Growth Remains Strong

Even with an 8% drop in price to $129 amid continued market volatility, Solana has…

28 minutes ago

Memecoin Market Sees More Outflows Than Inflows on 02/04/25 Amid Market Adjustments

Investor sentiment in the memecoin market has taken a drastic turn for the worse as…

33 minutes ago

DOGECOIN PRICE ANALYSIS & PREDICTION (April 4) – Doge Resumes Bearish, Targets $0.1 as The Next Multi-Month Low

Last week, Dogecoin went through another downturn after undergoing a three-week recovery. This led to…

2 hours ago

Whale or Institution Accumulates $7M in $PENDLE: A Closer Look at Recent Withdrawals

The past few days have seen the attention of the cryptocurrency community caught by large-scale…

23 hours ago

AAVE Sees Record Borrowing Activity in ETH, While Whale Continues to Offload Holdings

The decentralized finance (DeFi) space keeps showing remarkable market behavior, with the AAVE protocol attracting…

23 hours ago