Blockchain surveillance platform Lookonchain calls attention to a smart Ethereum trader that so far boasts an impressive 100%-win rate.
Amid the ongoing market uncertainty that has triggered angst among long-term investors, day traders have continued to make profits off the swings that come with volatility. Lookonchain recently spotlighted one such trader in a report on X.
According to the disclosure, since Sept. 2, the trader has turned 4,821 ETH into a staggering 5,690 ETH. This turnout translates to a profit of 869 ETH, equivalent to a massive $2 million, within two weeks.
This smart trader is excellent at swing trading $ETH, having traded $ETH 6 times since Sept 2 with a 100% win rate!
In just 15 days, he turned 4,821 $ETH into 5,690 $ETH, making a profit of 869 $ETH ($2M)!
Address:
0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71 pic.twitter.com/XemVO7Z7YE— Lookonchain (@lookonchain) September 17, 2024
The Ethereum trader’s execution of trades started with the sale of 4,821 ETH on Sept. 2 for $2,512 each. This initial transaction set the stage for a series of strategic moves, as he sold these tokens for a total cumulative amount of $12.110 million.
After Ethereum witnessed a price dip two days later, the trader then used these funds to acquire 5,094 ETH at $2,378 each. This move allowed him to procure more ETH for less, securing an additional 273 ETH worth $626,500 as gain.
A Cycle of Ethereum Sales and Purchases
He capitalized on a slight market uptick the next day, selling these ETH for $2,402 each. Afterward, he re-purchased the Ethereum tokens for $2,375 following a market drop, allowing him to secure an additional 58 ETH worth $132,800.
This pattern of selling high and buying low continued for the past two weeks. On Sept. 6, the trader sold 5,263 ETH for $2,397 each. After this, he repurchased the same amount at a lower price of $2,350 on the same day, which led to an addition of 111 ETH ($256.2K).
His last transaction involved a purchase of 5,690 Ethereum tokens at $2,279 each today. Overall, these transactions, which ran from Sept. 2 to today, saw the trader begin with 4,821 ETH, only to end his trading endeavor with 5,690 ETH. This translates to an addition of 869 ETH.
Notably, the trader has since sold the ETH tokens again, moving out some to another address. Since then, the trader hasn’t made any new purchases, but he holds an impressive $13.1 million in Aave-wrapped USDT, suggesting he might be gearing up for their next big move.
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