A Profitable BONK Trader Turns Bullish on Dogecoin Rival
An investor who made millions trading Bonk (BONK) has once again shown optimism for the cryptocurrency’s rival, Dogecoin (DOGE), according to blockchain tracking firm Lookonchain. The firm reports that this profitable trader recently purchased over three billion BONK tokens. This trader accumulated a total of 371.4 billion BONK over nine months at a cost of $276,000 and sold half during the surge for $5.2 million. Bonk is currently trading at $0.0000138, experiencing a 13% increase in the last 24 hours.
Whales Making Big Moves with Wrapped Bitcoin
Lookonchain also observed whales making significant moves with Wrapped Bitcoin (WBTC). One whale sold off their WBTC holdings and made over $5 million as the price suddenly rallied. Another whale has accumulated nearly 400 WBTC, spending $18.25 million with an average buying price of $46,689. Wrapped Bitcoin is currently trading at $46,234, reflecting a more than 1% increase in the last 24 hours.
Hot Take: Investors Reacting to Market Opportunities
These recent actions by profitable traders and whales demonstrate their reactions to market opportunities in the crypto space. The bullish move on Dogecoin’s rival indicates continued interest and potential profitability in altcoins. Additionally, the strategic selling and buying of Wrapped Bitcoin by whales highlight their ability to make substantial profits through timely trades. These activities underscore the importance of tracking market trends and taking advantage of favorable conditions to maximize gains in the cryptocurrency market.
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