$GOAT Whale Rakes In Millions And Continues Accumulating Despite Price Drop
A $GOAT whale has been making significant profits through strategic trades, turning a massive investment into a substantial return.
Initially, this whale spent 602.64 $SOL to purchase 10.71 million $GOAT tokens.
In a recent move, they sold 9.25 million $GOAT for 19,669 $SOL, realizing an impressive profit of 19,067 $SOL, or approximately $3.2 million — a 32x return on their initial investment.
A $GOAT whale is selling $GOAT for profit!
This whale spent 602.64 $SOL to buy 10.71M $GOAT and sold 9.25M $GOAT for 19,669 $SOL, with a realized profit of 19,067 $SOL($3.2M) and a return of 32x.
He still holds 1.46M $GOAT($506K).https://t.co/NlX8ItvNTc pic.twitter.com/592Y19J36f
— Lookonchain (@lookonchain) October 21, 2024
Despite cashing in, the whale still holds 1.46 million $GOAT, currently valued at $506,000, signaling their continued belief in the token’s potential. Following a dip in $GOAT’s price, this savvy investor withdrew an additional 2 million $USDC from Binance to buy more $GOAT, showing they are far from done.
Whale Spends Massive $7.14 Million To Buy $GOAT Tokens
In just the past four days, the whale has spent a staggering $7.14 million to acquire 21.39 million $GOAT tokens at an average price of $0.3338, using four different wallets to make these purchases. The accumulation strategy seems relentless, with buying activity still ongoing.
After the $GOAT price dropped, the whale withdrew another 2M $USDC from #Binance to buy $GOAT!
In the past 4 days, this whale has spent $7.14M to buy 21.39M $GOAT at an average price of $0.3338 via 4 wallets.
The buying is still going on.https://t.co/q9DsnmxAN4 pic.twitter.com/qOO6MQR9qm
— Lookonchain (@lookonchain) October 21, 2024
This whale’s moves are closely watched by the crypto community, as such high-profile trades often influence market sentiment. With the whale still actively purchasing $GOAT after taking significant profits, it’s clear that they see long-term potential in the token, even as prices fluctuate.
For now, the whale’s accumulation spree continues, and investors will be keeping a close eye on their next steps in the $GOAT market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: calima3d/123RF // Image Effects by Colorcinch
The post $GOAT Whale Rakes In Millions And Continues Accumulating Despite Price Drop appeared first on The Merkle News.