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Home»ALTCOIN NEWS»Trader who made $6.9 million in profits on BONK once again maintains long position on Dogecoin rival: Lookonchain
ALTCOIN NEWS

Trader who made $6.9 million in profits on BONK once again maintains long position on Dogecoin rival: Lookonchain

By Crypto FlexsJanuary 10, 20242 Mins Read
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Trader who made .9 million in profits on BONK once again maintains long position on Dogecoin rival: Lookonchain
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Wealthy investors who made millions trading Bonk (BONK) are suddenly bullish again on its rival Dogecoin (DOGE), according to on-chain data.

Blockchain tracking company Lookonchain report A profitable BONK trader has just purchased over 3 billion BONK.

“This smart trader, who made ~$6.9M in BONK, spent 386 SOL ($40,000) to buy back 3.29B BONK (Tuesday)!

He accumulated 371.4 billion BONK in 9 months at a cost of 6,998 SOL ($276,000) and sold half of his BONK for 50,139 SOL ($5.2 million) during the BONK surge.”

Source: Lookonchain/X

Bonk is trading at $0.0000138 at the time of this writing, up more than 13% in the last 24 hours.

Look on chain too notice The whales that create Wrapped Bitcoin (WBTC) are on the move.

The analytics firm reported that one whale made more than $5 million by selling its WBTC holdings as prices suddenly rose.

“When the price of WBTC rose, whales started selling WBTC! Whales sold a total of 355 WBTCs (this week) for 15.9 million USDT at $44,875, earning ~$5.6 million!”

video
Source: Lookonchain/X

Another whale suddenly accumulate According to Lookonchain, it is almost 400 WBTC.

“Someone is buying WBTC on chain! One whale spent 18.25 million USDC to purchase 391 WBTC (this week), with an average purchase price of $46,689.”

video
Source: Lookonchain/X

Wrapped Bitcoin is trading at $46,234 at the time of writing, up more than 1% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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