In a significant move that sent shockwaves through the cryptocurrency market, a large whale with the short wallet address 0xad0 has reshuffled its portfolio. The whale’s actions particularly resonated with the altcoin Rollbit (RLB) and Maker DAO (MKR) communities. Here are the details…
Balina bought and sold altcoins
The drama began when the whale made a series of transactions, starting with the sale of 2.56 million RLB tokens. These tokens were traded for 191.6 Ethereum (ETH), resulting in an average price of $0.12 per RLB. This transaction amounted to approximately $313,000, marking the first step in the whale’s strategic maneuvers. Following the RLB sale, the whale turned its attention to Maker DAO (MKR). In a bold move, they initiated transactions involving 193.31 Wrapped Ether (WETH) and 192.4 ETH for 493.14 MKR. The average price per MKR in this transaction was $1,278, resulting in approximately $630,000 worth of purchases. This strategic purchase of MKR tokens indicates the whale’s confidence in the long-term potential of Maker DAO.
The repercussions of these transactions were immediately felt in the RLB market as RLB witnessed a sharp decline of more than 10 percent in the last 24 hours. Analysts attribute this decline not only to the whale’s actions, but also to the removal of all RLB-related posts by gainzy, a prominent cryptocurrency influencer. The combination of these factors shook the stability of the RLB.
In which of its purchases did Balina make a profit and in which did it make a loss?
Looking at the whale’s wallet, it is seen that he made a profit of $ 424,000 with Uniswap (UNI). He made $389,000 with Aave, $28,155 with CRV, and $5,295 with SYN. Bone lost 36 thousand dollars with ShibaSwap (BONE), 37 thousand dollars with APE, 93,133 dollars with LOOKS, 114 thousand dollars with BLUR and 313 thousand dollars with STG. So, in general, the whale’s damage is greater. Despite these gains and losses, the whale still holds 2.56 million RLB tokens worth approximately $328,000. However, their estimated total loss from RLB assets currently stands at a significant $208,873.
These strategic maneuvers of the enigmatic whale have sparked speculation and debate throughout the cryptocurrency community. As the market continues to evolve, all eyes continue to be on the actions of influential players like 0xad0, whose actions have the potential to shape the crypto landscape in unpredictable ways. Traders and enthusiasts are preparing to further evolve in this ever-changing ecosystem.
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