Despite the poor performance of crypto in 2022, some traders still made some serious profits
Swiftly after receiving Ethereum, he decided to sell his holdings for 7.77 million DAI on May 2, 2021, at a price of $2.910, and then a deposit of 7 million $DAI into Compound to earn interest. Technically, the trader decided to avoid any volatility that could have spiked on the market and leaned toward passive income.
In May 2021, when Bitcoin was trading at $57,000 at some point in the month, the trader decided to mint 86 renBTC and sell it for $3.34 million DAI at a price of $39,248. Following the further drop of Bitcoin to its new lows back in 2021, the smart money account has been successfully avoiding unnecessary losses and remained profitable.
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