You see that wallet that bought $1.49M worth of $MASK?
Everyone in the $MASK community is hyped about it but here’s what most are missing.
The wallet’s first interaction with $MASK was at a $13.81M mcap, and it finished its first round of buys around $16.58M mcap.
The wallet didn’t ape in all at once. It scalped in gradually, buying through dips and riding short term pumps.
If you check the on chain activity and watch the chart, it’s clear.
This wallet isn’t here to “support the price.”
It’s simply trading the volatility and taking advantage of price movement.
What most people don’t realise is that the wallet has already sold $754.79K worth of $MASK without even moving the price.
This isn’t conviction buying. It’s just smart money farming momentum.
36.32K
128
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.