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Four smart DEX traders in 2024 showed superb swing trading skills and, on average, generated around $1,579,500 by trading ETH/WBTC. These traders with addresses 0x4198, 0x761c, 0xac4c, and 0xdc1C, made these trades in the random market and made good profits through proper entry and exit timing, according to Lookonchain.
Share 4 smart DEX traders.
— Lookonchain (@lookonchain) May 28, 2024
They are good at swing trading and made a total of ～$6.38M by trading $ETH and $WBTC in 2024.
0x4198 bought 2,489 $ETH($6M) at $2,410 and sold 2,515 $ETH($7.12M) at $2,831, making $1.12M.
0x4198 bought 104 $WBTC($4.5M) at $43,426 and sold 104… pic.twitter.com/m15W7uml43
DEX Traders 0x4198 and 0x761c Earn Over $2M from Profitable ETH and WBTC Trades
Formulating 2,489 ETH at $2,410 each for $6m and selling 2,515 ETH at $2,831 each totaling $7. 12m, bringing a trading profit of $1.12m, Trader 0x4198 made considerable profit. Furthermore, 0x4198 purchases 104 WBTC at an average price of $43,426 for $4. 5 million and sell the same amount for $4 880,000 at an average price of $47 100 thus making an extra $380,000.
Another remarkable performer was trader 0x761c, who bought 542 ETH for $1.78 million at $3,284 per ETH and selling 540 ETH for $2.8 million at $3,857 per ETH and a profit of $303,000. In the WBTC market, 0x761c purchased 104 WBTC for $4.49 million at $43,282 per WBTC and sold them for $4.8 million at $46,245 per WBTC, making $307,000.
DEX Traders 0xac4c and 0xdc1C Earn Combined $4.27M Through Strategic ETH and WBTC Trades
Trader 0xac4c was able to purchase 2029 ETH for 5$. 59 million at $2,755 per ETH and sold 1,325 ETH for $4.5 million at $3,061 per ETH, while holding 702 ETH worth of $2.7 million, totaling a profit of $1.16 million. Also, 0xac4c purchased 172 WBTC for $7.5 million at $43,708 per WBTC and sold them for $8. Around 14 million at $47,455 per WBTC to make $643,000.
Similarly, trader 0xdc1C made large trades in the form of buying 6,071 ETH for $15.25 million at $2,512 per ETH and selling 5,605 ETH for $15.83 million at $2,825 per ETH. As per Lookonchain, this trader kept 490 ETH equivalent to $1.88 million, resulting in a total profit of $2.47 million.
Ultimately, these traders have displayed high aptitude in the DEX market, proving how profitable the market could be for those who engage in the right trading of ETH and WBTC.