Major cryptocurrency whales made significant altcoin purchases and sales transactions during the day when the rise continued.
A savvy investor known by the short wallet address 0x0a7 recently traded 297,034 MKR tokens worth $611,299 for 215.5 ETH when the MKR price was $2,058. The investor purchased these MKR tokens between December 21, 2023 and January 6, 2024 at an average price of $1,329 and an estimated total cost of $394,741.
By switching to ETH, the investor made a profit of $216,558, recording a 54.86% increase in approximately two months of holding. The investor currently holds 217 ETH ($613,284) and 24 WETH ($68,396).
In another move, a whale with short wallet address 0x4bf deposited 320,748 API3 tokens worth $1.47 million to Coinbase when the price was $4.59. Whale withdrew these API3 tokens from Coinbase two months ago when the price was $1.55 and had an estimated cost of $496,891.
If the whale had sold at the current price, it would have made a profit of $977,135, a staggering 196.6% increase. After this transaction, the whale no longer has any API3 tokens. Notably, the price of API3 increased by 25.80% in the last 24 hours.
Finally, a whale with wallet address 0xbc6 deposited 699,568 RDNR tokens worth $3.46 million to Coinbase at a price of $4.95. Whale withdrew these RDNR tokens from Coinbase and Kucoin between February 10 and November 3, 2023, at an average price of $1.5 and an estimated cost of $1.05 million.
If Balina had sold at the current price, it would have made a profit of $2.41 million, an increase of 229.4%. Following this transaction, the whale no longer has an RDNR.
*This is not investment advice.