Trader Achieves 100% Win Rate with Bold 4000 Ethereum Purchase
A smart money trader operating on-chain recently executed a substantial transaction, acquiring 4,000 ETH tokens valued at $12.58 million. This move is consistent with the trader’s established successful trading strategies. Renowned for maintaining a flawless 100% win rate, the trader has consistently bought ETH at lower prices and sold at higher prices, amassing profits exceeding $38 million since November 2022. Lookonchain, a prominent crypto surveillance entity, highlighted this trader’s activities in a recent update.
The trader’s transaction history with ETH reveals a strategic approach focused on leveraging price downturns. Between November 2022 and May 2024, the trader engaged in seven transactions involving ETH, consistently yielding significant profits with each trade.
In the most recent transaction, approximately 4,000 ETH were acquired from Binance and sent to the address 0x75Ba13D7…c778bC62f. Just five days before this acquisition, the same address received 2,399.9987 ETH from Binance, reinforcing the trader’s commitment to their established trading strategy.
Cumulatively, the trader has accumulated a total of 17,012 ETH for $61 million at an average price of $3,587 since May. Despite this, the current market price of Ethereum has resulted in the trader facing a temporary loss of $7.6 million. At present, Ethereum is trading at $3,150, which is 12% lower than the trader’s average purchase price of $3,587.
Given the trader’s history of successful trading strategies with Ethereum, there is speculation from Lookonchain about whether the trader will continue their streak of profitable trades in their recent accumulation activities. The ongoing accumulation of ETH tokens since May, irrespective of price fluctuations, indicates an anticipation of a potential market recovery.
Analysis from IntoTheBlock offers insights into ETH address distributions based on the current price of $3,155. Addresses that acquired ETH within the price range of $2,674 to $3,147 are currently in a profitable position. Conversely, addresses that purchased ETH above $3,152 are experiencing losses, potentially contributing to selling pressure if prices do not rebound. This underscores the calculated risk undertaken by the smart money trader in their recent purchase, with an expectation of a market upturn that could convert current losses into future gains.
