Rational investor would not touch this wallet with 76% trading winrate
“good money” It is generally considered to be the wallet on the network that has seen a huge increase in its value in a matter of months despite the current market conditions. Most of these wallets execute unusual and sophisticated trades. One of them made around 1,500 ETH in a relatively short period of time.
The smart money address initially withdrew 35 ETH from Binance that cost around $43,000 at that time, with the average price per coin at $1,241 — a value close to what we are seeing on Ether right now.
After that, he was effectively trading the BAO token, a relatively small and non-volatile coin that moved in a narrow trading range from March to November, until it crashed dramatically. , lost most of its value. However, the Smart Money address easily earned 58 ETH trading.
BAO token trades could not bring the address enough momentum to fuel the strong growth of the account, which is why the trader switched to a more volatile and risky trading strategy, choosing tokens like POOL, YAM, APE and even a meme token ELON.
The trading strategy was mostly based on short term and medium term holding of the above mentioned assets, more likely to rely on technical analysis rather than fundamental research. The tokens we mentioned are unlike projects like Ethereum, LINK or even Solana. Most of their value lies in speculative demand rather than in use and intrinsic value.
With a winning rate of 76%, the address successfully transferred all of its funds into USDC and then swapped them for ETH recently, potentially trying to increase the portfolio’s value once again.
