Trader With Huge Gains in The Crypto Market Sets His Sight on This Altcoin
A trader who made over $7 million has set his sights on a new altcoin, which was one of the biggest gainers last week.
According to new data from blockchain-tracking firm Lookonchain, an investor in the cryptocurrency market has recently shown interest in the layer-2 scaling solution Arbitrum (ARB) by investing $2.24 million, equivalent to 1,057 ETH, which has caught the attention of the market.
This whale is well worth keeping an eye on.
Traded a total of 23 tokens, of which 15 tokens are profitable, with a win rate of 65%.
The total profit exceeds $7.3M! pic.twitter.com/8o7ue43LdN
— Lookonchain (@lookonchain) April 14, 2023
This investor started their journey last July by purchasing Polygon (MATIC) for $0.50 and has been successful in their trading strategy. They have a win rate of 65%, leading to profits of over $7.3 million, which makes them a smart whale worth keeping an eye on, according to Lookonchain.
The investor bought a total of 15.73 million MATIC at an average price of $0.64 and sold them for an average price of $0.84, making over $3 million in the process. They also purchased 2.91 million MAGIC at an average price of $0.74 a few months ago. If sold at current prices, they would profit $2.12 million.
Other successful trades made by the investor in 2023 include 1.09 million LDO bought from Binance at $1.20 and later sold for $2.20, generating a profit of $1.09 million, and 23.5 million TRU bought from Binance at an average price of $0.07 and later sold for $0.10, generating a profit of approximately $643,000.
Currently, ARB is trading at $1.70, indicating a 19% increase in the past 24 hours. This investor’s interest in ARB has certainly caught the market’s attention, and their successful trading history is worth monitoring.