Four skilled DEX traders in 2024 showcased their exceptional swing trading abilities and collectively generated approximately $1,579,500 through trading ETH/WBTC. These traders, identified by their addresses as 0x4198, 0x761c, 0xac4c, and 0xdc1C, successfully executed trades in the unpredictable market and achieved significant profits by timing their entry and exit points correctly, according to Lookonchain.
Let’s delve into the achievements of these four intelligent DEX traders.
Trader 0x4198, with astute trading skills, acquired 2,489 ETH (equivalent to $6 million) at a price of $2,410 per ETH. Subsequently, he sold 2,515 ETH (worth $7.12 million) at a price of $2,831 per ETH, resulting in a profit of $1.12 million. Additionally, 0x4198 purchased 104 WBTC for $4.5 million at a rate of $43,426 per WBTC. He later sold the same quantity of WBTC for $4,880,000 at an average price of $47,100, earning an extra $380,000.
Another outstanding performer, trader 0x761c, bought 542 ETH for $1.78 million at a rate of $3,284 per ETH. He then sold 540 ETH for $2.8 million at a price of $3,857 per ETH, resulting in a profit of $303,000. In the WBTC market, 0x761c purchased 104 WBTC for $4.49 million at a rate of $43,282 per WBTC. He later sold them for $4.8 million at a price of $46,245 per WBTC, earning a profit of $307,000.
Moving on to traders 0xac4c and 0xdc1C, they collectively earned $4.27 million through strategic trades involving ETH and WBTC. Trader 0xac4c successfully purchased 2,029 ETH for $5.59 million at a rate of $2,755 per ETH. He later sold 1,325 ETH for $4.5 million at a price of $3,061 per ETH, while retaining 702 ETH valued at $2.7 million. In total, trader 0xac4c made a profit of $1.16 million. Furthermore, he purchased 172 WBTC for $7.5 million at a rate of $43,708 per WBTC and sold them for $8.14 million at a price of $47,455 per WBTC, earning $643,000.
Similarly, trader 0xdc1C engaged in significant trades by acquiring 6,071 ETH for $15.25 million at a rate of $2,512 per ETH. He later sold 5,605 ETH for $15.83 million at a price of $2,825 per ETH. As stated by Lookonchain, trader 0xdc1C held onto 490 ETH, which equated to $1.88 million, resulting in a total profit of $2.47 million.
In conclusion, these traders have demonstrated exceptional skills in the DEX market, highlighting the profitability that can be achieved through strategic trading of ETH and WBTC.
