A $GOAT whale is selling $GOAT for profit!
- Mary-Kate OlsenOriginal
- 2024-10-22 00:30:11399browse
This whale spent 602.64 $SOL to buy 10.71M $GOAT and sold 9.25M $GOAT for 19,669 $SOL, with a realized profit of 19,067 $SOL($3.2M) and a return of 32x.
A “whale” among investors in the GOAT token has liquidated a large portion of their holdings, realizing a $3.2 million profit.
This development comes amid a strong upward movement in the GOAT token’s price, which has risen 17.1% in the last 24 hours and 163.8% over the past week.
Blockchain analytics firm Lookonchain reported the transaction details. The whale initially purchased 10.71 million GOAT tokens for 602.64 SOL (Solana’s native token).
They subsequently sold 9.25 million GOAT for 19,669 SOL, resulting in a net profit of 19,067 SOL, which is around $3.2 million at current prices. This transaction represents a 32x return on the initial investment.
The remaining GOAT tokens, valued at $506,000, are still owned by the whale.
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