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News

Selling LSD Tokens, Swapping LDO and RPL, Trader Earns $1.7 Million

April 12, 2023 - Around 2 mins mins to read

Key Points:

  • The trader earned an impressive profit by selling a large number of LSD tokens and swapping $LDO and $RPL.
  • The trader had invested in $LDO and $RPL a year ago and has been a strong holder, indicating a good understanding of the market.
  • They recently swapped 65,400 $RPL to 1,500 $ETH at $44.5. The realized profit is $661,000.
A trader made a significant profit by clearing out a large number of LSD tokens, swapping 1.5M $LDO at $2.33 for $1M profit, and 65K $RPL at $44.49 for $661K profit. The trader had invested in $LDO and $RPL a year ago and had been a strong holder ever since.

A trader reportedly made a significant profit by clearing out a large number of LSD tokens, earning around $1.7 million before the market started to decline. According to Spot On Chain, The trader then swapped out 1.5 million $LDO at $2.33 and made an approximately $1 million profit. They also swapped out 65,000 $RPL at $44.49 and earned around $661,000. The trader had invested in $LDO and $RPL a year ago and had been a strong holder ever since.

Trader Earns $1.7 Million Selling LSD Tokens And Swapping LDO and RPL

Regarding $LDO, the trader had amassed 1.536 million $LDO in early 2022, using 1,000 $ETH and enjoying an average price of $1.68 ($2.58 million). As soon as the market started to show signs of dumping, the trader swapped all of their $LDO for 1,871 $ETH. The average selling price was $2.33 ($3.58 million), resulting in an approximately $1 million profit.

Regarding $RPL, the trader got 61,500 old $RPL from 600 $ETH in 2021 (approximately $2.2 million) and got 59,200 $RPL from 2 million $USDC in 2022. The trader has a total of 120,700 $RPL at $34.4 (approximately $4.2 million).

Trader Earns $1.7 Million Selling LSD Tokens And Swapping LDO and RPL

They recently swapped 65,400 $RPL to 1,500 $ETH ($2.9 million) at $44.5. The realized profit is $661,000, and the unrealized profit is $449,000 (holding 55,400 $RPL).

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.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

LDO

LDO governance tokens

LSD

LSD Token

RPL

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Selling LSD Tokens, Swapping LDO and RPL, Trader Earns $1.7 Million

Key Points:

  • The trader earned an impressive profit by selling a large number of LSD tokens and swapping $LDO and $RPL.
  • The trader had invested in $LDO and $RPL a year ago and has been a strong holder, indicating a good understanding of the market.
  • They recently swapped 65,400 $RPL to 1,500 $ETH at $44.5. The realized profit is $661,000.
A trader made a significant profit by clearing out a large number of LSD tokens, swapping 1.5M $LDO at $2.33 for $1M profit, and 65K $RPL at $44.49 for $661K profit. The trader had invested in $LDO and $RPL a year ago and had been a strong holder ever since.

A trader reportedly made a significant profit by clearing out a large number of LSD tokens, earning around $1.7 million before the market started to decline. According to Spot On Chain, The trader then swapped out 1.5 million $LDO at $2.33 and made an approximately $1 million profit. They also swapped out 65,000 $RPL at $44.49 and earned around $661,000. The trader had invested in $LDO and $RPL a year ago and had been a strong holder ever since.

Trader Earns $1.7 Million Selling LSD Tokens And Swapping LDO and RPL

Regarding $LDO, the trader had amassed 1.536 million $LDO in early 2022, using 1,000 $ETH and enjoying an average price of $1.68 ($2.58 million). As soon as the market started to show signs of dumping, the trader swapped all of their $LDO for 1,871 $ETH. The average selling price was $2.33 ($3.58 million), resulting in an approximately $1 million profit.

Regarding $RPL, the trader got 61,500 old $RPL from 600 $ETH in 2021 (approximately $2.2 million) and got 59,200 $RPL from 2 million $USDC in 2022. The trader has a total of 120,700 $RPL at $34.4 (approximately $4.2 million).

Trader Earns $1.7 Million Selling LSD Tokens And Swapping LDO and RPL

They recently swapped 65,400 $RPL to 1,500 $ETH ($2.9 million) at $44.5. The realized profit is $661,000, and the unrealized profit is $449,000 (holding 55,400 $RPL).

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.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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