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Lookonchain Network Analysts have shared details of transactions from a group of traders called “Smart Money” who made $7 million trading Ethereum (ETH).
They currently hold 20,891 ETH worth $36.7 million, which is why Lookonchain refers to these prudent traders as “smart money.”
Sharing SmartMoney experience!
- Withdrawn 10,579 ETH from FTX on July 5, 2022 when the price was $1120.
- Bought 27,957 ETH for $44M at $1,573 during USDC depeg.
- Sold 4,000 ETH ($7M) for $1,753 on #Uniswap and transferred 16,000 ETH ($28M) to Binance 6 hours ago.
Lookonchain described transactions to inspire members of the crypto community and their subscribers to strategic trading. Smart Money traders have seized the opportunity presented by the USDC depeg and have used it to their advantage by buying ETH at a discounted price.
In addition, they timed the sale of 4,000 ETH on Uniswap to coincide with the peak of the ETH price, which maximized their profit.
#Smart #Money #Traders #Earned #Trading #ETH