Four smart DEX traders in 2024 showed superb swing trading skills and, on average, generated around $1,579,500 by trading ETH/WBTC. These traders with addresses 0x4198, 0x761c, 0xac4c, and 0xdc1C, made these trades in the random market and made good profits through proper entry and exit timing, according to Lookonchain.
DEX Traders 0x4198 and 0x761c Earn Over $2M from Profitable ETH and WBTC Trades
Formulating 2,489 ETH at $2,410 each for $6m and selling 2,515 ETH at $2,831 each totaling $7. 12m, bringing a trading profit of $1.12m, Trader 0x4198 made considerable profit. Furthermore, 0x4198 purchases 104 WBTC at an average price of $43,426 for $4. 5 million and sell the same amount for $4 880,000 at an average price of $47 100 thus making an extra $380,000.
Another remarkable performer was trader 0x761c, who bought 542 ETH for $1.78 million at $3,284 per ETH and selling 540 ETH for $2.8 million at $3,857 per ETH and a profit of $303,000. In the WBTC market, 0x761c purchased 104 WBTC for $4.49 million at $43,282 per WBTC and sold them for $4.8 million at $46,245 per WBTC, making $307,000.
DEX Traders 0xac4c and 0xdc1C Earn Combined $4.27M Through Strategic ETH and WBTC Trades
Trader 0xac4c was able to purchase 2029 ETH for 5$. 59 million at $2,755 per ETH and sold 1,325 ETH for $4.5 million at $3,061 per ETH, while holding 702 ETH worth of $2.7 million, totaling a profit of $1.16 million. Also, 0xac4c purchased 172 WBTC for $7.5 million at $43,708 per WBTC and sold them for $8. Around 14 million at $47,455 per WBTC to make $643,000.
Similarly, trader 0xdc1C made large trades in the form of buying 6,071 ETH for $15.25 million at $2,512 per ETH and selling 5,605 ETH for $15.83 million at $2,825 per ETH. As per Lookonchain, this trader kept 490 ETH equivalent to $1.88 million, resulting in a total profit of $2.47 million.
Ultimately, these traders have displayed high aptitude in the DEX market, proving how profitable the market could be for those who engage in the right trading of ETH and WBTC.
