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The cryptocurrency market underwent a turbulent week, with the leading cryptocurrency, Bitcoin (BTC), recording a 1% increase within the past 24 hours. BTC continues to hover below $27,000, adversely affecting altcoins. Although the performance of altcoins generally remains poor, it appears that some have made millions for whales. An anonymous crypto whale, in particular, has managed to catch an impressive rally in a short period.
Who Did the Millionaire Crypto Whale Invest In?
According to information shared by Dami-defi, the unnamed crypto whale managed to elevate his capital of $180,000 to $2.1 million in just two weeks. On-chain data and wallet activities shared by Dami-defi reveal that the whale made significant investments in five altcoins. The whale, who witnessed a 562% increase in just two weeks, seems to have capitalized on his assets quite effectively.
The whale’s first choice was Refund (RFD). The whale purchased RFD with 73% of his portfolio, allocating $95,000 for a total of 17,932,070,956 RFD tokens. This investment quickly turned into $1.3 million, earning the whale $1.246 million from a single altcoin investment. The whale made this purchase on May 20.
Ethereum (ETH), the second most valuable cryptocurrency by total market value, took the second largest place in the whale’s portfolio. While the whale didn’t make significant profits from the 11% share of ETH in his portfolio, it appears to be used primarily for altcoin trading, leading to a loss of about $6,000.
The anonymous investor reserved third place for Rebate (RBE) with 8% of the portfolio. The whale’s $18,200 investment in RBE rose to $150,348 as of today, making a total net gain of $170,000 considering his previous profit sales. The whale initially purchased this altcoin on May 23 and held onto it for a short period.
Meme Coin Craze Continues with BEN
The fourth “fish” in the whale’s portfolio was Ben (BEN). Occupying only 2% of the portfolio, BEN yielded a net gain of $275,000 from a $42,000 investment. The whale made this purchase on May 8 and waited for it to rise.
The mysterious whale dedicated the fifth position to Clavell (CLAVELL) with a 1.5% capital share. A $6,700 investment yielded a total net gain of $29,200 for the whale, making the total CLAVELL capital $35,900. Subsequently, the whale purchased NOMAD with a 1.1% share, managing to turn $11,813 into $20,931. The whale’s wallet address, “0x03770b07c5c315722c5866e64cde04e6e5793714”, was shared, hinting that this mysterious investor will likely attract more curious investors.
