I just came across Wang Chun’s on-chain activity and had to pause when I saw it—honestly, I’m pretty jealous of his timing.
Eight days ago, he sold 7,740.2 $ETH at an average price of $2,390, pocketing about $18.5 million. I bet plenty of people thought he’d sold near the top. Pretty smart, right?
But then, over the past two days, he turned around and bought back 10,992, at an average price of $1,989. That cost him about $21.87 million.
I ran the numbers: for the same coin, he bought back more than one and a half times what he sold, at nearly $400 less per coin. Basically, he sold less, bought more, and got it cheaper.
I’m not saying this was definitely a genius move—no one can predict what ETH will do next, and if it keeps dropping, he’ll feel it too. But you have to admit, being able to hold back and then buy more in that kind of market takes real patience. I’ve been fiddling with my own position all day, and the fees are almost eating up my gains.
Eight days ago, he sold 7,740.2 $ETH at an average price of $2,390, pocketing about $18.5 million. I bet plenty of people thought he’d sold near the top. Pretty smart, right?
But then, over the past two days, he turned around and bought back 10,992, at an average price of $1,989. That cost him about $21.87 million.
I ran the numbers: for the same coin, he bought back more than one and a half times what he sold, at nearly $400 less per coin. Basically, he sold less, bought more, and got it cheaper.
I’m not saying this was definitely a genius move—no one can predict what ETH will do next, and if it keeps dropping, he’ll feel it too. But you have to admit, being able to hold back and then buy more in that kind of market takes real patience. I’ve been fiddling with my own position all day, and the fees are almost eating up my gains.