A smart money investor, known for a perfect win rate, has made another significant move in the Ethereum market. Few hours ago, this investor bought 4,000 ETH worth approximately $12.58 million. This individual has consistently demonstrated an uncanny ability to buy Ethereum at low prices and sell it at higher ones. Their track record according to Lookonchain, spanning from November 21, 2022, to May 23, 2024, includes seven successful trades, yielding a total profit of over $38 million.
Since May 29, this investor has purchased a total of 17,012 ETH at an average price of $3,587 per ETH. Despite their success, they currently face a potential loss of $7.6 million due to the current market price. This new purchase raises questions about whether they can maintain their winning streak.
The investor’s trading history reveals strategic decisions. Their first major trade involved buying 17,012 ETH for $61,021,369 at $3,587 each. Subsequently, they sold 10,690 ETH for $40,693,603 at $3,807 per ETH. They continued to buy and sell ETH at strategic points, consistently selling at higher prices than their purchase points.
In their second trade, they bought 10,667 ETH for $37,881,552 at $3,551 each. They then sold 17,402 ETH for $67,527,389 at $3,880 per ETH. This pattern of buying low and selling high continued, with notable transactions such as purchasing 13,911 ETH for $47,782,552 at $3,435 each and selling 8,034 ETH for $24,562,420 at $3,057 per ETH.
Breaking Down Ethereum’s Recent Dip: Will $2,825 Support Hold?Another significant trade involved buying 2,611 ETH for $5,860,543 at $2,245 each and selling 3,000 ETH for $7,625,480 at $2,542 per ETH. The investor’s strategic buying and selling decisions highlight keen ability to navigate the volatile cryptocurrency market.
This smart money investor’s success continued with trades such as buying 4,900 ETH for $12,280,177 at $2,506 each and selling 5,000 ETH for $12,220,900 at $2,444 per ETH. Their most recent trades involved buying 5,929 ETH for $13,456,860 at $2,270 each and selling 9,000 ETH for $19,442,250 at $2,158 per ETH. Despite the current potential loss, the investor’s history of profitable trades suggests they might turn this situation around. Their consistent success in the volatile cryptocurrency market is noteworthy.
