This GMX Whale Trader Has An 80% Win Rate, What Crypto Did They Buy?
A GMX whale trader made nearly $1 million in profit during the recent crypto market crash, with an impressive 80% win rate over the past two months.
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Posted 8/21/2023, 10:00:48 PM
bitcoinist.com
Relevant topic timeline:
A trader on the decentralized exchange GMX made over $1 million by accurately predicting Ethereum's price movements, shorting it near its high and then going long at a lower price.
A whale investor bought 640 billion PEPE tokens, worth $529,000, at a reduced price due to concerns about developer manipulation and modifications to a multisig wallet, causing a 15% drop in the value of the meme coin.
Bitcoin's recent surge in value may be attributed to a $10 billion investment by whales, Robinhood's involvement in a $3 billion Bitcoin purchase, and JPMorgan analysts predicting an end to the crypto bear market.
A blue-chip altcoin, Chainlink (LINK), may experience a bullish rally based on various analytics, while whales and sharks have accumulated $71 million worth of Maker (MKR) tokens, and Bitcoin Cash (BCH) has seen a price rebound, according to Santiment.
A deep-pocketed investor caused a price collapse of an Ethereum-based altcoin by selling off their token holdings, while another whale bought up a large amount of Ethereum, helping it to form a bottom.