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Dealer Who Profited $6,900,000 on BONK Goes Lengthy on Dogecoin Rival As soon as Once more: Lookonchain

by SB Crypto Guru News
January 10, 2024
in Altcoin
Reading Time: 3 mins read
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A rich investor who made thousands and thousands buying and selling Bonk (BONK) is out of the blue bullish once more on the Dogecoin (DOGE) rival, in line with on-chain knowledge.

Blockchain monitoring agency Lookonchain reports {that a} worthwhile BONK dealer simply bought greater than three billion BONK.

“This good dealer who made ~$6.9 million on BONK spent 386 SOL ($40,000) to purchase 3.29 billion BONK once more [on Tuesday]!

He amassed 371.4B BONK in 9 months at a price of solely 6,998 SOL ($276,000) and offered half of the BONK throughout the BONK surge for 50,139 SOL ($5.2 million).”

Image
Supply: Lookonchain/X

Bonk is buying and selling for $0.0000138 at time of writing, up greater than 13% within the final 24 hours.

Lookonchain additionally noticed whales making massive Wrapped Bitcoin (WBTC) strikes.

The analytics agency reviews that one whale offered off their WBTC holdings as the value out of the blue rallied, making greater than $5 million.

“A whale began promoting WBTC after the WBTC value elevated! The whale has offered a complete of 355 WBTC for 15.9 million USDT at $44,875 [this week], making ~$5.6 million!”

Image
Supply: Lookonchain/X

One other whale out of the blue accumulated almost 400 WBTC, in line with Lookonchain.

“Somebody is shopping for WBTC on chain! A whale has spent 18.25 million USDC to purchase 391 WBTC [this week], with a median shopping for value of $46,689.”

Image
Supply: Lookonchain/X

Wrapped Bitcoin is buying and selling for $46,234 at time of writing, greater than 1% within the final 24 hours.

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Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

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Tags: Bitcoin NewsBONKCrypto NewsCrypto UpdatesDogecoinLatest News on CryptoLongLookonchainProfitedRivalSB Crypto Guru NewsTrader
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