Ethereum

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USDC

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<p>According to <a href="https://twitter.com/lookonchain/status/1724706499422032358?t=gg-LTZQkjJbKVAKnww_E4w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">on-chain data analyst</a> Lookonchain, an Ethereum whale recently generated $14.3 million in profits without consistently buying low and selling high.</p>
<p>The whale sold 6,099 ETH for $12 million in USDC when Ethereum was trading around $1,964. Lookonchain examined the whale’s trading patterns and found they do not always follow the typical buy low, sell high strategy.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="859" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-1024x859.png" alt="" class="wp-image-377469" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-1024x859.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-300x252.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-768x644.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-1536x1289.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-2048x1718.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-179x150.png 179w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-100x84.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-417x350.png 417w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368-788x661.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-368.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Even when Ethereum’s price fluctuated greatly, the whale bought and sold at seemingly random times, showing hesitance in their trading. However, the whale made well-timed purchases before major Ethereum price increases in December 2022, March 2023 during the USDC depegging, and most recently.</p>
<p>Through this opportunistic trading, the whale accumulated approximately 20,000 ETH. They realized $8.3 million in profits so far, and hold an estimated $6 million in unrealized gains based on Ethereum’s current price.</p>
<p>Read also:</p>
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<p>By buying during strategic periods of price consolidation and weakness, the whale grew their Ethereum stack substantially. With timely sells during price spikes, they generated outsized returns without consistently buying bottoms and selling tops.</p>
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<p>The post <a href="https://captainaltcoin.com/how-this-smart-ethereum-whale-earned-over-14-million-in-eth-without-always-buying-low-and-selling-high/" rel="noopener noreferrer nofollow">How This Smart Ethereum Whale Earned Over $14 Million in ETH Without Always Buying Low and Selling High</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How This Smart Ethereum Whale Earned Over $14 Million in ETH Without Always Buying Low and Selling High

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