Crypto Whale Makes $24 Million in Profits Trading Wrapped Bitcoin (WBTC) According to On-Chain Data
A crypto trader, known as a "smart whale," has made massive profits trading Wrapped Bitcoin (WBTC) by consistently buying at low prices and selling at higher prices. The trader deposited 1,957 WBTC worth $74.6 million into Binance on Friday, according to blockchain tracking service Lookonchain. WBTC is an ERC-20 token that allows traders to speculate on Bitcoin while staying within the Ethereum ecosystem. Lookonchain also recently spotted a wallet that participated in the Ethereum initial coin offering (ICO) nearly 10 years ago, which deposited 20,000 ETH to another wallet with 10 ETH eventually going to the crypto exchange Kraken.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale Files Updated S-1 for Spot Solana ETF
Grayscale updates its SEC filing for a spot Solana ETF, signaling growing institutional interest in SOL.Grayscale Pushes Forward With Solana ETF PlansWhy Solana?What This Means for the Market
AMPUSDT now launched for futures trading and trading bots
Memecoin platform Clanker records millions in revenue in five months of operation
Solana Whales Take Profits After Million-Dollar Staking Unlock
Trending news
MoreCrypto prices
More
