en
Back to the list

Sandbox Whale Moves $1.48M in $SAND to Coinbase

source-logo  blockchainreporter.net 26 November 2024 09:55, UTC

A Sandbox whale has made a significant move in the cryptocurrency market. The trader transferred 1,953,097 $SAND, valued at $1.48 million, into Coinbase. This move was reported by Onchain Lens. The average price that the whale paid for $SAND was $0.76.

A whale has transferred 1,953,097 $SAND, valued at $1.48M, into #Coinbase at an average price of $0.76.

The trader accumulated these $SAND over a month for approximately $484,899.

With $SAND's recent price surge, the whale is now enjoying a massive $1M profit.… pic.twitter.com/BECH3tPeZf

— Onchain Lens (@OnchainLens) November 25, 2024

Whale Profits $1M from Sandbox $SAND Acquisition

Notably, the trader has been acquiring these $SAND tokens in the last one month. Total acquisition cost was estimated to be about $484, 899. It is evident from this strategy that the whale is keen on the process of building up the asset at a cheaper price.

Recently, the price of $SAND went up. This has led to a huge profit for the whale in question. It is now possible to determine that the current value of the $SAND tokens is $1.48 million. This is the situation where the trader is making a profit of approximately one million dollars.

Crypto Whale’s $1 Million Profit Proves Market Timing Pays Off

This move signifies the fact that the market of cryptocurrency is quite unpredictable. That’s why depending on price fluctuations, traders can get a lot of advantages. But it also demonstrates how much is at stake when you make such high stakes investments.

Lastly, the whale that bought Sandbox ($SAND) when its price was low and sold it after the rise received good money on it. By making $1 million in profit, the whale has shown that he or she knows how to time the market. This move could be a good precedent for other traders who seek to obtain profit from cryptocurrency price fluctuations.

blockchainreporter.net
Cryptonews.net website uses cookie files to personalize services and improve the user experience of the website.
If you do not want your personal data to be processed, please limit its use in your browser.