Cryptocurrency continues to gain worldwide attention, as evidenced by Twitter recently updating its logo to feature a Dogecoin image. This unexpected change, initiated by Elon Musk, captured the attention of not just the crypto community, but the entire world. Following the statement, two whales - DFGAac and DDuXGM - transferred out a combined total of 1.57 billion Dogecoins at a price of $0.094 (~$147.4M). They acted fast, completing their transactions within three minutes of each other while the coin was at the peak of its post-musk surge. After the whales left the market, the coin saw a dip to $0.09 but has since recovered to $0.095. The whale DFGAac made a significant $15.8M by clearing all 918M of their coins and leaving the market, while payment processor DDuXGM made $80.1M on the sale of their 650M coins. They both remain big influencers in the market, with DDuXGM possessing 3.79B coins that are worth $367M.

Lookonchain has also identified two SmartMoneys with 100% and 95% win rates, respectively. They began trading with low leverage and small size, gradually increasing both as the trades evolved. The first SmartMoney has already closed long positions in Ether and Bitcoin, earning a profit of $240K. The second SmartMoney is currently long Bitcoin with a purchase price of $27,740. Following these remarkable trades can be immensely helpful to other investors in earning a high win rate.

It is important to remember, however, that cryptocurrency is a highly volatile market, with prices often changing quickly and wildly. Therefore, careful consideration should be taken prior to investing. All decisions come with risk, and even the most profitable trades do not guarantee success. Each individual must decide their own actions and gains.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.



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