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.”
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!”
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.”
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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