2024

A savvy investor spent over $26M to acquire 10,083 $ETH less than 24 hours ago. &nbsp; Lookonchain blockchain trackers revealed the trader raked in millions using ETH swing trades with a perfect winning streak since August 12. Data shows the smart trader made ~$554K from a swing trade on September 26, receiving over $27M for 10,206 ETH.&nbsp;
The investor had traded nine times as of Sep. 26 with a combined profit of $2.11M from the ETH swing trades. His current profit from 10 successful ETH swing trades is $2.14M. The data revealed that he had also added 7,500 $ETH worth $19.3M on the 26th of September within an hour of acquiring the 10,206 ETH via two addresses.
<h3 id="span-style-font-weight-400-skilled-investor-accumulates-millions-with-eth-swing-trades-span">Skilled investor accumulates millions with $ETH swing trades&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This smart trader with a 100% win rate in swing trading <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ETH</a> bought 10,083 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ETH</a>($26.8M) again 8 hours ago!
 Since August 12, he has traded <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ETH</a> 10 times, making money every time, with a total profit of ~$2.14M!<a href="https://t.co/a80xVafIlu" rel="noopener noreferrer nofollow" target="_blank">https://t.co/a80xVafIlu</a> <a href="https://t.co/BY8aXlSHir" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/BY8aXlSHir</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1840546589703877059?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">September 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Onchain data showed the trader’s systematic execution of highly profitable back-to-back ETH swing trade investments starting on the 12th of August. The data revealed that the trader bought 9,844 $ETH worth over $24.66M at $2,505 in three separate transactions carried out on August 12, September 1, and September 2. They sold 4,818 ETH for $12.11M at $2,514 on September 2, making a $40.7K profit in three days.
The investor then bought 5,094 ETH for $12.11M at $2,378 and sold them all on the same day at $2,402 for a profit of $123.67K. 
On September 6, the trader bought 5,153 ETH worth $12.24M at $2,375 and flipped them all for a $130.45K profit. Still, on the same day, Sep. 6, they bought 5,263 ETH valued at $12.37M and sold them all again on the same day at $2,397, making a $248.43K gain. The trader closed the day by buying 5,379 ETH for $12.62M at $2,345, which they again sold 5 days later on Sep. 11 at $2,377 for $12.79, making $171.73K in returns.
The investor made $174.4K and $140.75K on $ETH swing trades taken on the 16th and 17th, respectively.
The trader added 5,660 ETH to their portfolio for $13.11M at $2,316. They then sold 10,686 ETH in two separate transactions on the 19th and 20th of September for a combined total of $26.23M, resulting in a $530.5K profit. 
They made two more successful $ETH swing trades on the 26th and 28th, making a total profit of $576.43K. The account’s latest purchase was 10,083 ETH valued at $26.83M at $2,660 on Sep. 29. The data confirmed that they had made ~2.14M from the ETH swing trades. ETH price had dropped 0.9% to $2,628.75 as of the time of writing on the 30th of September.
<h3 id="span-style-font-weight-400-whales-are-jumping-onto-the-eth-swing-trade-bandwagon-span">Whales are jumping onto the ETH swing trade bandwagon</h3>
Lookonchain’s <a href="https://x.com/lookonchain/status/1840546589703877059" rel="noopener noreferrer nofollow" target="_blank">data</a> further revealed that the ETH swing trade trend was gaining popularity among whales. According to the data, a wallet: 0xc08B bought 11,529 $ETH for $28.65M at $2,485 on September 20 and flipped the ETH at $2,618 on the 23rd, making a profit of ~$1.5M. 
More active whale addresses identified by Lookonchain include;
<ul>
 <li style="font-weight: 400;">0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71</li>
</ul>
<ul>
 <li style="font-weight: 400;">0x761df92194faa59ea31b828d1bd27ed95b257d20</li>
</ul>
<ul>
 <li style="font-weight: 400;">0xc5c399701ffa900e894e8dd4672998484619213e</li>
</ul>
<ul>
 <li style="font-weight: 400;">0x533b04842e9eefd524980ea3f0a21f17562b3e6f</li>
</ul>
<ul>
 <li style="font-weight: 400;">0xc08B122Fb1057149f55D49D3D5CEA0D083b37ffb</li>
</ul>
According to Lookonchain, another sniper acquired 28.03M 3AC for 238 ETH worth 641.5K immediately after 3AC opened for trading. They then sold 24.95 3AC for 799 $ETH worth $2.15M, making ~$1.5M (561 ETH) in profit, and still held 3.08M 3AC worth $369K.
Lookonchain also identified two institutional investors selling substantial ETH worth millions of dollars. On September 28th, the on-chain tracker revealed that a wallet linked to Cumberland had deposited 11,800 ETH worth $31.88M to Coinbase, while another one related to ParaFiCapital withdrew 5,134 ETH worth $13.83M from Lido and deposited it all into CoinbasePrime.

Successful swing trader with a 100% win rate just purchased another 10,083 $ETH worth $26.8M

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