A smart whale recently sold 22,726 $SOL, worth approximately $3.86 million, at a price peak, according to Lookonchain. This smart investor has a history of buying Solana ($SOL) at lower prices and selling during market highs. It shows a clear strategy of capitalizing on price fluctuations.
A smart whale sold 22,726 $SOL($3.86M) at a price peak 3 hours ago.
This smart money always buys $SOL at low prices and sells at highs.
He currently holds 20,000 $SOL($3.33M), with a total profit of over $2.5M!https://t.co/e3Pgb1aMQq pic.twitter.com/n3AbKFpf24
— Lookonchain (@lookonchain) October 21, 2024
Smart Whale Profits Over $2.5M from Solana Trades
It happened a few hours ago when $SOL was at its peak, which means that a whale is a master of timing. This sale was conducted in the context of a successful operating model that has provided the investor with gross returns in the past.
Currently, the smart whale still has 20,000 $SOLs, equivalent to approximately $3,330,000. Altogether, from the whale’s $SOL investments, they have gained a total profit of more than $2.5 million.
Whale’s $SOL Trading Success Highlights Market Timing Strategy
Such a type of operations to purchase assets at low prices and sell them when the prices are high is a good illustration of how effective traders operate in the fluctuating cryptocurrency market. Through observing the market and using its knowledge of it the whale has been able to make great profits with little risk.
Given the volatility of the crypto market, investors are closely following the actions of these “wise money” participants who are considered to be market leaders. This whale, cited by Lookonchain, has already made more than $2.5 million in profits, so the effectiveness of this approach remains relevant and prompts discussion about $SOL and the market trends.
