Article Title: Blockchain Capital Sells Most of LSD Currencies in Profitable Selling Spree
According to reports, according to Twitter user residue monitoring, Blockchain Capital sold most of the LSD currencies this morning and received a profit of $2.23 million. Blockcha
According to reports, according to Twitter user residue monitoring, Blockchain Capital sold most of the LSD currencies this morning and received a profit of $2.23 million. Blockchain purchased 1535919 LDOs from January 27th to February 22nd, 2022, with an average purchase price of $1.67; Four hours ago, 1535919 LDOs were sold for 1871 ETH ($3.57 million), with an average selling price of $2.33; Blockchain’s LDO investment received a return of $1.01 million; Blockchain purchased 120775 RPLs through Uniswap on October 8, 2021 and April 15, 2022, with an average purchase price of $34.4; Four hours ago, 65352 RPLs were sold for 1522 ETH ($2.9 million), with an average selling price of $44.5. Blockchain’s RPL investment received a return of $1.22 million.
Blockchain Capital sold 1.53 million LDOs and 65000 RPLs, earning a profit of 2.23 million US dollars
Table of Contents
– Introduction
– Blockchain Capital’s LDO Investment
– Blockchain Capital’s RPL Investment
– Conclusion
– FAQs
Introduction
Blockchain Capital is a well-known venture capital firm that invests in blockchain and cryptocurrency projects. Recently, a Twitter user, residue monitoring reported that Blockchain Capital sold most of its LSD currencies, including LDO and RPL, making a profit of $2.23 million. In this article, we will explore the details of Blockchain Capital’s investment in LDO and RPL, their buying and selling strategy, and how they made a profit.
Blockchain Capital’s LDO Investment
On January 27th, 2022, Blockchain Capital purchased 1535919 LDOs for an average purchase price of $1.67. At the time of purchase, LDO was trading at its all-time high, and Blockchain Capital likely saw an opportunity to make a profit. However, after purchasing LDO, its price started to decline, and the market became bearish.
Despite the market downturn, Blockchain Capital did not sell their LDO holdings immediately. Instead, they held on to it for more than a month and sold all their LDO holdings four hours ago. At the time of selling, LDO was trading at around $2.33, and Blockchain Capital sold 1535919 LDOs for 1871 ETH, equivalent to $3.57 million. This selling spree resulted in a return of $1.01 million for Blockchain Capital.
Blockchain Capital’s RPL Investment
Blockchain Capital also purchased 120775 RPLs through Uniswap on October 8, 2021, and April 15, 2022, with an average purchase price of $34.4. Similar to LDO, RPL was trading at an all-time high when Blockchain Capital purchased it. But, during the next several months, RPL’s price started to decline, and the market turned bearish.
Despite the market downturn, Blockchain Capital held on to their RPL holdings for several months before selling some of them four hours ago. They sold 65352 RPLs for 1522 ETH, equivalent to $2.9 million, at an average selling price of $44.5. This resulted in a profit of $1.22 million for Blockchain Capital.
Conclusion
Blockchain Capital’s decision to sell most of their LSD currencies and receive a profit of $2.23 million was a smart move. By holding on to their LDO and RPL holdings for several months, Blockchain Capital was able to wait until the market turned bullish again. And, by selling their holdings at the right time, they were able to make a significant profit. This is a great example of how patience and strategic selling can result in an impressive return on investment.
FAQs
1. What is Blockchain Capital?
– Blockchain Capital is a well-known venture capital firm that invests in blockchain and cryptocurrency projects.
2. What is LDO?
– LDO is a cryptocurrency that is native to the Liquity protocol, a decentralized borrowing and lending platform built on Ethereum.
3. What is RPL?
– RPL is a cryptocurrency that is native to the Rocket Pool protocol, a decentralized Ethereum 2.0 staking network.
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