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.

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.

$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.

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

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