Profitable Trader’s $6.9M Success with BONK Sparks New Dogecoin Rival Investment in Lookonchain
An affluent investor, previously successful trading Bonk (BONK), has recently displayed renewed bullish sentiment towards the Dogecoin (DOGE) rival, as indicated by on-chain data.
Lookonchain, a blockchain tracking firm, reveals that this savvy trader invested 386 SOL ($40,000) to acquire over three billion BONK, adding to their impressive track record. Over nine months, the trader amassed 371.4 billion BONK at a cost of only 6,998 SOL ($276,000), subsequently selling half during a BONK surge for 50,139 SOL ($5.2 million). Currently trading at $0.0000138, BONK has surged more than 13% in the last 24 hours.
Lookonchain also observed significant Wrapped Bitcoin (WBTC) movements among whales, with one selling off holdings for over $5 million and another accumulating nearly 400 WBTC at an average price of $46,689, spending 18.25 million USDC this week.
Clever Robot News Desk 11th January 2024
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