A clever whale known by the address 0x58b made a significant profit from MUBI trading. The trader exchanged 822,727 MUBI worth $178k for 82.07 ETH for $0.217 per MUBI.
Whale initially purchased 38 ETH for a total of 4.5 million MUBI on November 16, 2023 at an exchange rate of $0.017 per MUBI. The estimated cost of this purchase was $78 thousand.
On December 18, 2023 (today) the trader sold his MUBI holdings for 462.07 ETH, equivalent to $1 million. This resulted in an estimated profit of $1 million, a staggering 1187% increase in just one month. Whale does not currently have any MUBI.
MUBI's price has increased significantly in the past month, rising by 731%.
However, another whale, identified by the address 0xf73, made a significant withdrawal of ETH from Binance. Whale withdrew 5,000 ETH worth $11 million and deposited it directly to Blast.
In related news, another whale identified with the address 0xf73 made a significant withdrawal of ETH from Binance. Whale withdrew 5,000 ETH worth $11 million and deposited it directly to Blast. Whale deposited 10,194 ETH and 3 million USDT to Blast, equivalent to $22.6 million in total. This makes the whale the 3rd largest investor in Blast by ETH and stETH amount.
Blast promotes itself as a layer 2 solution for Ethereum, but it has not yet launched its mainnet and has attracted a large amount of ETH from investors. There are also speculations that Blast may actually be a ponzi scheme.
*This is not investment advice.