Traders who have made over $3,000,000 on Polygon since July are good at rival ETH Layer 2 projects: on-chain data


Polygon (matic) is the competing Ethereum (ethereum) Layer 2 tasks.

New knowledge from blockchain monitoring firm Lookonchain clarify As an instance a rich dealer, who began shopping for MATIC final July for simply $0.50, lately bought $2.24 million value of Layer 2 scaling resolution Arbitrum (ARBs) utilizing 1,057 ETH.

In accordance with Lookonchain, his earnings are over $7.3 million, so the crypto whale’s habits is value watching.

“Sensible Whales bought 1.49 million ARB for 1,057 ETH ($2.24 million) at present, with a mean buy value of $1.50.

This whale deserves consideration.

A complete of 23 tokens had been traded, 15 of which had been worthwhile, with a 65% win fee.

Complete revenue exceeds $7.3 million. ”

Supply: Lookonchain/Twitter

ARB is buying and selling at $1.70 on the time of writing, up 19% over the previous 24 hours.

The corporate additional elaborated on the buying and selling histories of excessive internet value buyers and the way they made thousands and thousands of {dollars} in earnings not solely by buying and selling MATIC, however the tokens that energy the Treasure Metaverse. reveals (magic), cryptocurrency staking resolution Lido (To do) and blockchain-based lending platform TrueFi (True).

On-chain knowledge reveals that whales purchased a complete of 15.73 million MATICs at a mean value of $0.64 and offered them at a mean value of $0.84, incomes over $3 million within the course of.

This dealer additionally purchased 2.91 million MAGIC at a mean month-to-month value of $0.74. If offered at present costs, it could make a revenue of $2.12 million.

Different swaps the rich dealer made in 2023 included 1.09 million LDOs bought from Binance at a value of $1.20 after which offered at $2.20 for a revenue of $1.09 million. 23.5 million TRUs had been purchased from Binance at a mean value of $0.07 after which offered at $0.10. You can also make a revenue of about $643,000.

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Generated picture: In the midst of the journey

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