The post Smart Whale Nets $2.88M from GOAT, $411K from BILLY in High-Stakes Trades appeared on BitcoinEthereumNews.com.

A crypto whale has bagged some smart trades, amassing massive profits in the decentralized finance (DeFi) sector. Based on on-chain metrics and trading history, this investor gained a remarkable $2.88M profit (+3360%) based on the GOAT trade and $411K profit (+ 226%) from the BILLY trade. GOAT Trading Strategy: $2.88M Profit Most of the trader’s gains were from trading the $GOAT token on the Solana network through Raydium DEX. Six days ago, the trader bought 10.7M $GOAT tokens using 603 $SOL, which was worth $86K at that time. The token value increased sharply, and the investment touched around $3.75M, while the value of $GOAT skyrocketed. In the last eight hours, this whale took advantage of these price movements, Selling $0.7m $GOAT for 1453 $SOL valued at $222K. However, the trader kept 10M $GOAT tokens, which come to approximately $2.74M at the current price. Based on the chart analysis from platform DEXScreener, one can observe several purchasing points from October 12th to October 17th, indicating the whale’s accumulation process. The green candles show a price rise that led to the high grounds before the sell-offs demonstrated by the red ‘S.’ BILLY Token Trade: $411K Profit The second big win for Whale was in a longer-term investment in $BILLY tokens. Four months back, the whale invested $182K to buy 7.3M $BILLY tokens. Selling the entire holding at the right time generated $593K, representing a profit of $411K for an increase of 226%. The trading chart of $BILLY/SOL shows multiple buy (as seen by the green “B”) and sell (as illustrated by the red “S”) actions in the last few months. The token had value swings; the period with high values was in July, and the lows were in September.  $BILLY was trading at  $0.04197 during the whale’s recent exit. The price chart…

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Filed under: News - @ October 18, 2024 12:16 am