SmartMoney Makes $7.3M Profit: Lookonchain Reveals How You Can Too

Key Points:

• The SmartMoney has a win rate of 65% and traded a total of 23 tokens, generating a total profit exceeding $7.3M.
• A whale recently transferred all ARB from their wallet to Binance, with a possible profit of $4.54M.

Lookonchain reported that a SmartMoney bought 1.49M ARB with 1,057 ETH ($2.24M) recently, with an average buying price of $1.5. He traded 23 tokens, of which 15 were profitable, with a win rate of 65%. The total profit exceeds $7.3M!

The SmartMoney started buying MATIC on July 5, 2022, when the price of MATIC was only $0.5. They bought a total of 15.73M MATIC at an average price of $0.64 and sold at an average price of $0.84, with a profit exceeding $3M. He is also good at buying MAGIC at low prices, buying 2.91M MAGIC ($4.28M) at an average price of $0.74. At the current price, the profit is $2.12M, and the ROI is 98%.

In January, SmartMoney bought 1.09M LDO from Binance at a price of $1.2 when the LDO price was starting to rise. They sold at a price of $2.2 on January 30, making a profit of $1.09M. SmartMoney also bought 23.5M TRU from Binance from Feb 23 to Mar 3 at an average price of $0.07. They then sold at an average price of $0.1 from Mar 8 to Mar 10, generating a profit of ~$643K.

Besides, Lookonchain revealed a whale who transferred all ARB from their wallet to Binance. The buying cost of ARB was $13.55M, and the average buying price was ~$1.24. If the SmartMoney sells at $1.64, they will make a profit of $4.54M, an ROI of 33%.

If you want to make money like the SmartMoney, you can follow their strategy by buying what they buy and selling when they sell. Alternatively, you can long tokens when SmartMoney buys and short when they sell. With a win rate of 65%, the SmartMoney’s strategy seems to be quite effective. By following their trades, you might be able to achieve similar profits.

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.

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Thana

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