- The Ethereum trader, known for a 100% win rate, recently purchased 7,483 $ETH worth $18.8M.
- Between August 12 and September 28, this trader profited $2.14M across 10 $ETH trades.
- Despite holding $25.6M in $ETH, the trader currently faces an unrealized loss of $1.21M.
Just recently, a notable trader with an impressive track record in swing trading Ethereum ($ETH) has recently expanded their position, purchasing 7,483 $ETH valued at approximately $18.8 million.
Known for a consistent 100% win rate, this trader has built a reputation for precise market moves, turning every trade since August 12 into a profitable venture.
As they hold 10,216 $ETH worth around $25.6 million, they are currently experiencing an unrealized loss, but their historical performance shows a unique streak of gains as noted by LookOnChain via their X account.
According to the information provided, between August 12 and September 28, the trader executed 10 swing trades in $ETH, with each transaction ending in profit. These trades amassed a combined profit of approximately $2.14 million.
In addition, the trader’s winning streak extended into October, where they completed two more profitable trades since October 14. These additional trades generated 133 $ETH in profit, equivalent to roughly $334,000.
This continuation of successful trading has added to the trader’s reputation for strategic market engagement, reinforcing their methodical approach to $ETH investments.
At present, the trader holds 10,216 $ETH, which represents a significant position valued at approximately $25.6 million. However, the trader’s holdings have accrued an unrealized loss of $1.21 million.
Despite this unrealized deficit, the trader’s historical performance indicates a likelihood of continued strategic decisions in navigating $ETH’s volatility.
Coingecko data indicates that Ethereum ($ETH) is currently trading at $2,522.06, reflecting a 4.2% decline within the past 24 hours. The asset’s price fluctuation is evident in its 24-hour range, which spans from a low of $2,475.44 to a high of $2,638.60 at the hour of writing.
With a market cap of approximately $303.83 billion, Ethereum remains the second-largest cryptocurrency by market value. The fully diluted valuation mirrors the market cap at $303.83 billion, indicating no significant inflationary impact.
In the past day, Ethereum recorded a trading volume of around $22.1 billion, highlighting strong market activity despite recent price declines.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
