The Whale Who Spent 13 Million Dollars to Buy 17 Altcoins is at a Loss: Here’s His Portfolio
A whale has spent about 7,626 Ethereum ($13.44 million) buying 17 different tokens in the past few days.
However, the whale’s investment strategy seems rather unsuccessful, as only seven of the tokens are in profit and the win rate is 41%.
The whale’s largest purchase was 2.6 million OLAS tokens, which cost 1,784 ETH ($2.96 million) at the time of purchase. However, the OLAS price has dropped significantly since then and the value of the whale’s holdings is now only $2.35 million, resulting in a loss of $613,000.
Whale also purchased 23.36 million RLB tokens for 1,430 ETH ($2.62 million) and sold them all for 2,013 ETH, making a profit of 583 ETH ($758,000). This was the whale’s most profitable trade ever.
Another token that the whale bought and sold was UNIBOT, a coin that claims to be an automatic market maker for Uniswap. Whale spent 1,360 ETH ($2.53 million) buying 17.6k UNIBOT tokens at $144 each and sold 16k at $133, losing $165,000 in the process.
The whale’s other purchases, with the exception of those they buy in very small quantities, are as follows:
- HarryPotterObamaSonic10Inu: Spent $2.5 million, made a profit of $400,000.
- ATOR: Spent $808,000, lost $100,000.
- Mog: Spent $768,000, lost $207,000.
- HILO: Spent $514,000, lost $156,000.
- BAD: Spent $508,000, lost $156,000.
- Dubbz: Spent $290,000, made $68,000 profit.
- MEVFree: spent $116,000, lost $18,000.
- SAINT: Spent $82,000, made a profit of $22,000.
- BBANK: Spent $51,000, lost $11,000.
The whale’s total loss on 17 tokens is currently estimated at $47,000, which is not a significant amount compared to the whale’s total spend.
*This is not investment advice.