A deep-pocketed investor with a profitable trade history is once again taking a large long position on one casino-related digital asset, according to on-chain data.<\/p>\n
Blockchain tracking firm Lookonchain says<\/a> the \u201csmart money\u201d whale once again loaded up on crypto gambling platform Rollbit\u2019s native token RLB<\/a> at the start of September, after several profitable trades in the last couple of weeks.<\/p>\n \u201cA SmartMoney who was good at buying RLB at lows and selling at highs in August spent 1.25 million USDC to buy 7.1 million RLB again at $0.175 in September.\u201d<\/em><\/p>\n According to the firm, the entity has so far made $358,000 in profits trading RLB.<\/p>\n Past August trades include buying at $0.106 selling at $0.112, buying at $0.107 and selling at $0.145, and buying at $0.155 and selling at $0.172, according to Lookonchain.<\/p>\n Rollbit is trading for $0.17 at time of writing, up 5.2% in the last 24 hours.<\/p>\n Lookonchain also noticed<\/a> a big purchase of Rocketpool (RPL<\/a>), a liquid staking protocol that allows Ethereum holders to stake their coins without holding the 32 ETH normally required to become a validator.<\/p>\n After the massive purchase, the price of RPL bounced by more than 9%.<\/p>\n \u201cWho pumps the price of RPL? <\/em><\/p>\n We noticed that a safe multisig wallet spent a total of 450 ETH ($735,000) to buy 32,820 RPL at $22.40 in the past eight hours.\u201d<\/em><\/p>\n Rocket Pool is worth $24.09 at time of writing, up 13.1% in the last 24 hours.<\/p>\n Lastly, the firm highlights<\/a> one whale making big moves, and profits, by withdrawing crypto assets off of the world\u2019s largest exchange Binance, including more than 11,000 Maker (MKR<\/a>).<\/p>\n Maker is a decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans.<\/p>\n \u201cA smart whale has withdrawn 11,231 MKR ($12.3 million) from Binance in the past four hours. <\/em><\/p>\n Since August 23, the whale has withdrawn a large amount of UNFI (Unifi Protocol DAO), LPT (Livepeer), and TRB (Tellor Tributes) from Binance. <\/em><\/p>\n And the profit has exceeded $4 million according to the current price.\u201d<\/em><\/p>\n Maker is trading for $1,116 at time of writing, down 0.6% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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