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Someone smart spent over 0.8 ETH on gas fees to purchase MINER worth 163 dollars, with a total profit exceeding 59,000 dollars

Someone smart spent over 0.8 ETH on gas fees to purchase MINER worth 163 dollars, with a total profit exceeding 59,000 dollars

2024/02/12 08:09
ETH-0.43%

According to Lookonchain monitoring, a savvy trader withdrew 1 ETH (about $2507) from CEX and used 0.802 ETH (about $2010) in Gas fees to successfully purchase 1073 MINER at a very low price with just 0.065 ETH (about $163). The trader then sold 722 MINER for a price of 19.11 ETH using 0.5 ETH (about $1244) in Gas fees, currently holding onto 350 MINER (worth about $15,000). The total profit within the last eleven hours is approximately $59,000.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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