A dormant whale known by the short wallet address 0xc76 made a significant profit trading Basic Attention Token (BAT) on Coinbase. Whale deposited 7 million BAT into the exchange, equivalent to $2.29 million, at a price of $0.329 per token.
This transaction is notable because the whale had previously withdrawn the same amount of BAT from Coinbase on December 20, 2022, at $0.190 per token, for a total of $1.33 million. After a dormant period lasting 1 year and 3 months, Whale deposited all BAT tokens back to Coinbase at the increased price, making an estimated profit of $973,702, a gain of 73.34%.
In another development, two whales known as 0xbc1 and 0xca0 jointly deposited 1,487 Maker (MKR) tokens worth $5.27 million to Coinbase for $3,544 per token.
The whale with short address 0xbc1 withdrew 744,036 MKR from Coinbase on February 16, 2024 for an average price of $2,087 (estimated cost: $1.55 million) and deposited all tokens back to Coinbase on March 29, 2024 for an average price of $3,541 ($2.63 million). This move resulted in an estimated profit of $1.08 million after 1.5 months, a gain of 69.67%.
Similarly, the whale with short address 0xca0 withdrew 742,962 MKR from Coinbase on February 16, 2024 at an average price of $2,099 (estimated cost: $1.56 million) and returned all its tokens to Coinbase on March 29, 2024 for an average price of $3,541 ($2.63 million). deposited. This resulted in an estimated profit of $1.07 million after 1.5 months, a gain of 68.65%.
*This is not investment advice.
