A series of blockchain transactions traced by Twitter account Lookonchain reveals a crypto trader whose 15 wallet addresses consistently bought low and sold high during major market swings. Starting with $400,000, this individual amassed $71.72 million in just two years. Was it sheer brilliance or privileged information?
Masterstroke #1: Early Bet on Shiba Inu (SHIB)
In February 2021—months before Elon Musk’s infamous SHIB tweets—this trader accumulated 5.5 trillion SHIB tokens for $400,000. By May 2021, they sold at peak prices, converting holdings into 35,000 ETH (worth ~$62.72 million today).
Masterstroke #2: Dodging the LUNA Collapse
Days before Terra’s UST and LUNA imploded in May 2022, the trader liquidated all ETH holdings into USDC, sidestepping a 28% crash. While others chased UST’s 20% yield, their caution proved prescient.
Masterstroke #3: ETH Swing Trade Nets $4.14M
During USDC’s brief depegging scare in March 2023, the trader bought ETH and sold two days later, pocketing $4.14 million.
Key Takeaways:
- Pattern Recognition: All 15 wallets were created simultaneously, fueling speculation.
- Community Suspicions: Commenters allege insider knowledge due to uncanny timing.
FAQ
Q: What is Shiba Inu (SHIB)?
A: An Ethereum-based meme coin inspired by Dogecoin, SHIB gained viral attention in 2021. Its value is highly speculative.
Q: How could someone predict these market moves?
A: Possible explanations include advanced technical analysis, algorithmic trading, or access to non-public information.
Q: Is this legal?
A: While suspicious timing raises red flags, proving insider trading in decentralized markets remains challenging.
👉 Discover how top traders leverage market trends
Editor’s Note: This case underscores crypto’s wild volatility and the fine line between genius and impropriety. Always conduct independent research before investing.
👉 Learn risk management strategies for crypto trading
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