A prolific whale has been making waves in the crypto market with remarkable gains on multiple tokens.
Since December 20, this investor has generated over $12.75 million in profits:
– $SWARMS: Bought 58.95M tokens for $12.48M at an average price of $0.038, yielding a $10.25M profit.
– $ZAILGO: Acquired 29.52M tokens for $2.67M at $0.024 per token, realizing $1.96M in gains.
– $MCS: Purchased 80.84M tokens for $970K at $0.0052, earning $549K in profit.
A whale who made over $10M profits on $swarms lost 298 $SOL($63.4K) by accidentally purchasing the wrong token.
Since Dec 20, this whale bought 58.95M $swarms($12.48M) at $0.038, making a profit of 10.25M, bought 29.52M $ZAILGO($2.67M) at $0.024, making a profit of $1.96M, and… pic.twitter.com/Ra8v6B3Sb8
— Lookonchain (@lookonchain) January 3, 2025
Nine hours ago, the whale sold 1.29M $ai16z for $2.68M, securing a profit of $1.66M. The proceeds were reinvested into 9.51M $SWARMS ($1.51M) and 27.74M $ZAILGO ($1.15M), further consolidating their positions in these tokens.
A whale sold $ai16z to buy $swarms and $ZAILGO.
This whale sold 1.29M $ai16z($2.68M) 9 hours ago, with a profit of $1.66M.
Then this whale bought 9.51M $swarms($1.51M) and 27.74M $ZAILGO($1.15M).https://t.co/mxBPXM4sHi pic.twitter.com/wup70jvXFP
— Lookonchain (@lookonchain) January 3, 2025
$63.4K Lost in Misstep with Wrong Token
Despite their impressive track record, the whale recently stumbled. Forty minutes ago, they mistakenly purchased 325 $SOL ($69K) worth of $autospores instead of their intended target, $spores. Realizing the error, the whale immediately sold all their $autospores holdings. However, this quick correction came at a steep cost, resulting in a loss of 298 $SOL ($63.4K).
Strategic Moves and Costly Errors
This whale’s activities highlight both the potential for massive profits and the risks of costly errors in the fast-paced world of cryptocurrency trading. While their misstep with $autospores is a reminder of the importance of caution, their calculated investments in $SWARMS and $ZAILGO underscore their ability to capitalize on market opportunities effectively.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: thvideo/123RF // Image Effects by Colorcinch
