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Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet?


by CE Translator
for CoinEdition
$5.98M WETH Buy in 13 Trades: Is ETH Primed to Soar?
  • High-win smart money accumulates 7,428 WETH in 13 rounds, per Arkham Intelligence.
  • The anonymous trader transfers $5.98M in a single 2,379 WETH transaction.
  • Trader’s average acquisition cost stands at $2,477 per WETH.

A crypto trader purchased 2,379 Wrapped Ether (WETH) worth $5.9 million in a series of strategic moves. And, in over 40 minutes, they acquired a total of 7,428 WETH at an average price of $2,477 per WETH. While this demonstrates the potential rewards of careful planning, experts warn against blindly copying large traders without understanding their strategy.

In a volatile market, the trader’s methodical approach appears to be generating high returns. This trader has a history of making large, calculat…

The post Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet? appeared first on Coin Edition.

Read the article at CoinEdition

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Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet?


by CE Translator
for CoinEdition
$5.98M WETH Buy in 13 Trades: Is ETH Primed to Soar?
  • High-win smart money accumulates 7,428 WETH in 13 rounds, per Arkham Intelligence.
  • The anonymous trader transfers $5.98M in a single 2,379 WETH transaction.
  • Trader’s average acquisition cost stands at $2,477 per WETH.

A crypto trader purchased 2,379 Wrapped Ether (WETH) worth $5.9 million in a series of strategic moves. And, in over 40 minutes, they acquired a total of 7,428 WETH at an average price of $2,477 per WETH. While this demonstrates the potential rewards of careful planning, experts warn against blindly copying large traders without understanding their strategy.

In a volatile market, the trader’s methodical approach appears to be generating high returns. This trader has a history of making large, calculat…

The post Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum Bears Sold $2.5 Billion: Will It Impact ETH Price?

Ethereum Bears Sold $2.5 Billion: Will It Impact ETH Price?

Ethereum has seen some sideways movement this week, helping the altcoin break out of ...
Ethereum ETFs Attract Steady Inflows Amid Dull Price Action—A Setup for a July Surge?

Ethereum ETFs Attract Steady Inflows Amid Dull Price Action—A Setup for a July Surge?

Leading altcoin Ethereum has remained range-bound since Tuesday, delivering a lacklus...