Crypto investor Inveteratus.eth has once again executed a highly profitable trade, selling 1,230 MKR tokens for $1.78 million USDC, securing a $418,000 profit in under a month.
According to blockchain analytics firm Spot On Chain, the whale sold the MKR tokens at an average price of $1,448 per token, capitalizing on favorable market conditions.
The latest move adds to Inveteratus.eth’s growing reputation as a strategic and highly successful MKR trader, consistently timing the market to maximize returns.
A Perfect Win Rate: $2.27 Million in Profits from MKR Trading
Inveteratus.eth’s track record with Maker (MKR) has been nothing short of remarkable, maintaining a 100% win rate in trading the token.
In April 2024, the trader pulled off an even bigger win, profiting $1.86 million from a well-timed MKR trade.
With the latest sale, the investor’s cumulative profits from MKR now exceed $2.27 million, reflecting a 107% overall return.
Such consistent success suggests an expert-level understanding of market dynamics, possibly leveraging advanced trading algorithms, liquidity strategies, or insider market insights to time trades with precision.
Also Read: Crypto Whale Dumps $4.3M in $SOL for $PAIN Presale, Gains $2.3M in Profit
Market Impact: Will MKR Prices React to This Large Sell-Off?
The sale of 1,230 MKR tokens within a short timeframe could introduce temporary price volatility, as large trades often lead to short-term fluctuations.
However, Maker (MKR) has historically demonstrated resilience due to strong demand from institutional investors and DeFi participants who rely on the MakerDAO ecosystem.
The real test will be whether MKR can sustain its current price levels despite the increased supply in the market.
Investors and analysts will closely monitor trading activity to assess whether other large holders follow suit or if new buyers absorb the additional liquidity without significantly impacting price stability.
A Broader Trend: Profitable Trades and Market Manipulation Concerns
Inveteratus.eth’s success reflects a broader trend of high-stakes trading in the crypto space, where whales and insiders generate massive profits through strategic trades.
Similar cases include Dave Portnoy, who recently profited $256K from selling $357.92 million worth of $GREED tokens, causing a 99% price crash and raising concerns over influencer-driven market manipulation.Â
Additionally, 11 insider traders collectively profited $43.8 million by selling $LIBRA tokens immediately after launch, leading to an 85% price collapse.Â
Meanwhile, another smart investor currently holds $14.84 million in AI16Z and ARC tokens, sitting on $4.38 million in unrealized gains as these tokens surge.Â
These cases highlight the ongoing tension between profitable trading strategies and the ethical concerns surrounding market manipulation in the crypto industry.