The post Crypto Whale “dimethyltryptamine.eth” Makes Strategic Shift appeared on BitcoinEthereumNews.com.

The Ethereum wallet “dimethyltryptamine.eth” is well-known in the cryptocurrency space for its extraordinary success in memecoin trading. The wallet, which turned an initial $45,000 investment into a staggering $46.9 million fortune largely through $PEPE, has once again captured attention with a series of high-profile trades. This time, the legendary trader has shifted its focus from $MOODENG to $WOJAK in a move that demonstrates its sharp market instincts. According to Spot On Chain, Over the past 12 hours, “dimethyltryptamine.eth” has offloaded its entire $MOODENG holdings and reallocated those funds into $WOJAK. The whale sold 2.105 billion $MOODENG tokens for 134.4 ETH, approximately $443,000, locking in a profit of 77.4 ETH, which translates to $255,000. This trade represents a 135% gain in just 1.5 months, underscoring the trader’s ability to capitalize on short-term market trends. With the proceeds from this sale, the whale invested 136.5 ETH, worth around $450,000, to acquire 246.1 million $WOJAK tokens. This purchase raised its total $WOJAK holdings to 957.84 million tokens, valued at $1.75 million. This latest $WOJAK trade added an impressive $1.05 million in unrealized profit, reflecting a 149% increase in the token’s value since the trader began accumulating it. Crypto Legend Defined by $PEPE and Memecoin Mastery The whale’s portfolio remains diversified, focusing primarily on high-growth memecoins. The star of the collection is still $PEPE, where the wallet holds a staggering 1.97 trillion tokens valued at $20.2 million. This position alone has generated an estimated lifetime profit of $25.2 million, marking an astronomical 55,978% return on the original investment. In addition to $PEPE and $WOJAK, the whale owns 147.5 billion $MOG tokens worth $249,260, with a lifetime profit of $847,000, representing a 487% increase. A small USDC reserve of $6,000 is also held as a stablecoin safety net, likely for opportunistic trades. The crypto world…

---

Filed under: News - @ November 24, 2024 1:13 pm