A prominent crypto whale, operating under the alias “pleven.eth” (address 0xd51), has recently executed a highly strategic LINK trade, taking advantage of market volatility.
Over the past 24 hours, the whale spent $3.019 million in USDT to repurchase 134,433 LINK tokens at an average price of $22.461 after the token’s price dropped by 14.51%.
Interestingly, just 21 hours prior, the whale had sold 120,814 LINK for $3.019 million USDT at an average price of $24.986. This sequence of transactions marked the completion of a successful sell-high, buy-low cycle, earning the whale a remarkable $3.53 million profit (+146%) over a 1.75-year holding period.
This latest activity represents the whale’s third LINK trade, following the first two which netted a combined profit of $3.292 million (+71.4%), albeit with a win rate of 50%. The recent transactions underscore the whale’s ability to capitalize on market dips and rallies with precise timing.
What a successful $LINK sell-high, buy-low round!
Yesterday, whale 0xd51 “pleven.eth” sold 120,814 $LINK for 3.019M $USDT and, just 6 hours ago, used the proceeds to buy back 134,433 $LINK right at the bottom of the dip.
Currently, this whale is on its third $LINK trade. From… pic.twitter.com/iwWURBwpqv
— Spot On Chain (@spotonchain) December 20, 2024
The whale’s calculated moves demonstrate a strong understanding of market trends and a clear strategy for maximizing returns. As LINK’s price remains volatile, such maneuvers showcase the potential for substantial gains in the crypto market when executed with precision.
For traders and market watchers, pleven.eth’s trades provide valuable insights into the art of timing the market and navigating periods of heightened volatility. As LINK’s price continues to fluctuate, all eyes are on this whale’s next move.
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 @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: fellowneko/123RF // Image Effects by Colorcinch