In 2024, four skilled DEX traders showcased their exceptional swing trading abilities, collectively earning approximately $6.38 million by trading ETH and WBTC. Identified as 0x4198, 0x761c, 0xac4c, and 0xdc1C, these traders navigated the volatile market with precision, achieving profitable outcomes through well-timed entries and exits, as reported by Lookonchain.
Trader 0x4198 initiated trades by acquiring 2,489 ETH at $2,410 each, amounting to $6 million, and subsequently selling 2,515 ETH at $2,831 each for a total of $7.12 million, resulting in a profit of $1.12 million. Moreover, 0x4198 purchased 104 WBTC at $43,426 per unit for $4.5 million and sold them for an average price of $47,100, generating an additional $380,000 in profit.
Another standout performer, trader 0x761c, procured 542 ETH for $1.78 million at $3,284 per ETH, and later sold 540 ETH for $2.8 million at $3,857 per ETH, yielding a profit of $303,000. Similarly, in the WBTC market, 0x761c bought 104 WBTC for $4.49 million at $43,282 each and sold them for $4.8 million at $46,245 per WBTC, resulting in a profit of $307,000.
On the other hand, traders 0xac4c and 0xdc1C collectively earned $4.27 million through strategic trading of ETH and WBTC. Trader 0xac4c acquired 2029 ETH for $5.59 million at $2,755 per ETH, selling 1,325 ETH for $4.5 million at $3,061 per ETH, and retaining 702 ETH valued at $2.7 million, securing a profit of $1.16 million. Additionally, 0xac4c purchased 172 WBTC for $7.5 million at $43,708 per unit and sold them for $8.14 million at $47,455 per WBTC, resulting in a profit of $643,000.
Meanwhile, trader 0xdc1C engaged in significant trades by purchasing 6,071 ETH for $15.25 million at $2,512 per ETH and selling 5,605 ETH for $15.83 million at $2,825 per ETH. With 490 ETH equivalent to $1.88 million held, the total profit amounted to $2.47 million, as per Lookonchain’s analysis.
These traders have exemplified their expertise in the DEX market, underscoring the lucrative potential for those involved in strategic trading of ETH and WBTC.