A Smart Whale Earned More Than $6M in stETH – Here’s How

There are few players in the world of crypto that have the utmost influence and they are so-called ‘whales’. These are individuals or entities that hold substantial amounts of a particular cryptocurrency, and their trading activities can significantly impact the market. Today, we’re taking a closer look at one such whale who has managed to amass over $6 million in $stETH in just three months.

Trade on US-Banned Exchanges With No KYC 🤫

Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required 🙅‍♂️
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

This savvy investor embarked on their journey on March 13, buying a staggering 27,606 units of $stETH at a price of $1,629 each. This purchase, which continued until March 15, was a clear demonstration of the whale’s confidence in the potential of $stETH.

However, the whale’s strategy didn’t stop at buying. On April 21, they sold 12,746 units of $stETH, but not before the price had risen to $1,937. This sale represented a significant profit, showcasing the whale’s ability to time the market effectively.

After this successful sale, the whale returned to buying mode. On June 15, they acquired another 15,701 units of $stETH, this time at a slightly higher price of $1,671 each. This move suggested that the whale still saw potential in $stETH, despite the higher purchase price.

The whale’s most recent move was another sale. On June 19, they sold 15,125 units of $stETH at a price of $1,724 each. This sale, like the one in April, resulted in a tidy profit for the whale.

This whale’s trading activity over the past three months provides a fascinating insight into the strategies employed by cryptocurrency whales. By buying low, selling high, and timing their trades effectively, this whale has managed to earn more than $6 million in $stETH. It’s a testament to the potential of cryptocurrency trading when done right, and a reminder of the influence that whales can have on the market.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

We will be happy to hear your thoughts

Leave a reply