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Whales Profit from Real-World Assets (RWA)

source-logo  blockchainreporter.net 04 December 2024 14:23, UTC

In an impressive display of market timing, cryptocurrency whales are reaping significant profits by trading on the burgeoning trend of Real-World Assets (RWA). The focus on cryptocurrencies like $ONDO and $LINK has shown exceptional returns, with price surges of 52% and 35% today. The movements suggest strategic trading behaviour linked to these specific assets.

Whales appear to be cashing in big profits on the Real-World Assets (#RWA) trend as $ONDO (+52%) and $LINK (+35%) soar today!

1/ Whale "0x992" deposited 500,736 $ONDO ($815K) to #Coinbase for a $294K profit (+56%) ~4 hours ago, leaving 2M $ONDO ($3.22M) with an unrealized $1.46M… pic.twitter.com/WGL5FK7DFW

— Spot On Chain (@spotonchain) December 3, 2024

According to Spot On Chain, Earlier today, a crypto whale identified as “0x992” made a notable move by depositing 500,736 ONDO tokens worth approximately $815,000 into the popular exchange Coinbase. This action secured the whale a striking $294,000 profit, marking a 56% gain. The whale still holds a substantial 2 million ONDO tokens, valued at $3.22 million, with an unrealized profit of $1.46 million. This trading manoeuvre highlights the whale’s ability to leverage market conditions effectively, likely capitalizing on the recent RWA trend.

The chart associated with ONDO transactions illustrates a sharp increase in the token’s price, peaking in recent transactions. The graphical representation clearly depicts the inflows and outflows, underscoring the timing of the whale’s transactions that maximized returns.

LINK Whales ‘0x74F,’ ‘0x9B3,’ and ‘0x8b2’ Profit 100%

Similarly, another pair of associated whales, known as “0x74F” and “0x9B3,” executed a well-timed trade with LINK tokens. They transferred a whopping 352,417 LINK, valued at $7.69 million, to the exchange Kraken. This transaction marked the end of a 2-year holding period, yielding a profit of $4.06 million, an impressive 107% increase. This significant time frame and the profit margin reflect a deep understanding and patience in handling cryptocurrency investments, particularly in leveraging long-term market trends.

The accompanying chart for LINK shows the volatility over the past two years, with multiple peaks and troughs before the whales decided to sell at a substantial profit. This strategic exit points to a keen awareness of market dynamics and optimal selling points.

Another noteworthy transaction involved whale “0x8b2,” who deposited 83,460 LINK tokens into Binance. The assets, worth $1.85 million, were sold after a 6.5-month investment period, resulting in a profit of $542,312, a 39.3% gain. The relatively shorter investment period compared to “0x74F” and “0x9B3” demonstrates a different trading strategy that capitalizes efficiently on market movements.

The last of the provided charts shows that this transaction’s timing aligns with a recent sharp rise in LINK’s price. This indicates a swift reaction to changing market conditions that secured a substantial profit margin.

These transactions underline a broader trend where experienced cryptocurrency investors, or “whales,” adeptly navigate the complex and volatile market to extract high returns. Their actions often lead to significant market movements due to the large volumes of crypto they manage. The real-world application and integration of assets like ONDO and LINK drive their increasing valuations, reflecting growing investor confidence and interest in RWA.

As the market continues to evolve, the strategies employed by these whales will serve as valuable case studies for both seasoned traders and newcomers aiming to understand and profit from the dynamic world of cryptocurrencies.

blockchainreporter.net