2024-6-14 23:30 |
A cryptocurrency trader who previously made a $11.4 million profit from trading Pepe (PEPE) and Uniswap (UNI), has made a strategic move by depositing $8.38 million worth of tokens to Binance. According to Spot On Chain, the deposit, which took place few hours ago, was executed at local price peaks for each of the five tokens involved.
Diversified Token PortfolioThe trader’s deposit included a diverse range of tokens, demonstrating a well-balanced portfolio. The transferred tokens and their respective values are as follows:
40,000 Aave (AAVE): $3.65 million 265,000 Venus (XVS): $2.47 million 2.68 million Polygon (MATIC): $1.73 million 799,000 Blur (BLUR): $287,000 246,000 Arbitrum (ARB): $240,000The trader’s decision to transfer these tokens to Binance at local price peaks suggests a strategic approach to managing their portfolio. By capitalizing on the current market conditions, the trader may be looking to secure profits, diversify their holdings, or prepare for future trading opportunities.
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Show more +Show less – Previous Success with Pepe and UniswapThis trader’s recent move comes on the heels of their $11.4 million profit generated from trading Pepe (PEPE) and Uniswap (UNI). Pepe has lately gained major attention and value, while Uniswap has been a consistent performer in the DeFi space.
The transfer of such large amount of tokens to Binance may have implications for the market. As one of the world’s largest cryptocurrency exchanges, Binance’s trading volumes and liquidity can influence asset prices. The trader’s decision to move their tokens to Binance could potentially signal their intention to sell, which may create short-term selling pressure on the aforementioned tokens.
Read more: Ripple (XRP) Poised for Potential Vertical Rally as Retracement Nears Completion
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The post Crypto Trader Who Made $11.4M Profit from Pepe and Uniswap (UNI) Transfers $8.38M Worth of 5 Tokens to Binance appeared first on CaptainAltcoin.
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