Strategic Trader Deposits $36,000,000 USDT into Binance, Then Buys This Asset Next Hinting at a Pump
According to the latest data, a highly strategic crypto whale has caught the attention of market analysts and enthusiasts alike.
Just a few hours ago, this unidentified investor deposited 36 million USD in Tether ($USDT) into Binance according to the data from on-chain analyst Lookonchain. Merely a few minutes later, the whale withdrew 9,819 Ethereum ($ETH) equivalent to approximately $15.9 million. This calculated move strongly suggests that the investor is acquiring Ethereum at what they believe to be a market low.
To grasp the significance of this move, it’s essential to look at the whale’s previous activities. Not too long ago, the U.S. Securities and Exchange Commission (SEC) made a statement declaring that spot Bitcoin (BTC) Exchange-Traded Fund (ETF) filings did not meet their regulatory standards.
This pronouncement had an immediate knock-on effect on the crypto market, causing Ethereum to experience a swift decline, only to recover two hours later.
Opportunistic Buying: Perfectly Timed Ethereum Acquisitions
What sets this particular whale apart is its impeccable timing. During the brief downturn triggered by the SEC’s announcement, the same individual also executed another perfectly timed transaction.
The investor had earlier deposited $32 million in $USDT into Binance and almost immediately withdrew 8,188 $ETH, priced at an estimated $1,860 per token. This purchase amounted to roughly $15.23 million and predated the asset’s rapid price recovery.
The whale’s adeptness doesn’t just stop at buying low. Approximately 12 hours before the most recent transaction, the same investor had deposited 25,000 ETH ($47.24 million) into Binance and then promptly withdrew $15.9 million in USDT. This activity indicates not only a proficiency in buying Ethereum at dips but also an uncanny ability to sell at peaks.
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Show more +Perhaps the most astonishing aspect of this investor’s trading history is their impeccable track record. Over the past two months, they have consistently made profitable trades involving Ethereum, boasting an incredible 100% win rate.
This unidentified crypto whale exemplifies the epitome of strategic trading. Their moves underscore the importance of timing, market understanding, and a keen eye for opportunities. While most traders struggle to beat the market, here’s someone turning the tides in their favor, over and over again. It’s a case study that would intrigue both veteran and amateur traders, leaving many wondering: who is this crypto savant, and what will they do next?
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