blockchainreporter.net
A prominent crypto whale with the address “0x7DE” has obtained significant profits with $SPX tokens. As per Spot On Chain, a popular on-chain analytics firm, the whale address “0x7DE” spent 6.15M $USDC to purchase 12.16M $SPX coins over the recent 3 days, resulting in a 20% profit accounting for $1.25M. In this investment, the whale used three different wallets for purchasing.
Three wallets, all linked to the whale “0x7DE,” spent 6.15M $USDC to buy 12.16M $SPX over the last 3 days, now gaining ~$1.25M (+20%).
— Spot On Chain (@spotonchain) October 10, 2024
Previously, whale “0x7DE” has realized a net profit of $5.71M from 3 out of 7 traded tokens (win rate: 43%), with major gains from $OLAS, $ONDO,… pic.twitter.com/w3D7fmEX0y
0x7DE Sees a Win Rate of 43% with a Realized Profit of $5.71M in Crypto
Crypto whale activity often gains significant attention because of the huge trade volume and the capability for market-moving developments. In this scenario, “0x7DE” has a history that traders watch closely. In line with the data, the above-mentioned whale has formerly realized $5.71M in net profit from trading 7 diverse tokens. This signifies a huge win rate of up to 43%.
Among the coins that have witnessed substantial gains for the respective whale, $ATOR, $ONDO, and $OLAS are prominent. 0x7DE received staggering profits from these tokens. Nevertheless, not all of the whale’s trades have resulted in success. $MOG, $PEAS, $MUBI, and $PRIME stand among the tokens that brought losses to the whale. This highlights the crypto investments’ volatile nature even for big-scale players.
Latest $1.25M Profit Triggers the Likelihood for Additional Price Movements
According to Spot On Chain, the latest development of $1.25M profit from the $SPX trade has kindled interest while the rapid profit of the whale indicates the potential for additional price movements. Such a behavior from a whale often paves the way for additional trading activity. In this respect, several other market members focus on capitalizing on such trends.