This AI whale made $1.26 million with $GPU. What can we learn?

The market has been sluggish recently, so it is suitable for review and learning.

In February this year, Bitcoin rose by 43.57% in one month. Looking back, it was the time when liquidity was the best in this bull market.

At that time, OpenAI released the video generation model Sora, and the hype about AI in the currency circle was in full swing.

Countless AI dogs popped up and disappeared like weeds on the Ethereum chain. Some people seized the opportunity to dance with the market and reaped returns far beyond ordinary people.

For example, this Ethereum address "0x384c7EbF6e87FE9816a2a23487042d33f2c04343" went from being penniless to a floating profit of more than 5 million US dollars in just 20 days. BlockBeats counted all the historical transaction records of this address (hereinafter referred to as "Big Whale Brother") for more than a year based on the on-chain data analysis tool GMGN, trying to reveal its rise to wealth from the perspective of on-chain data. Perhaps our readers will be inspired to become such a legendary trader one day.

Sharpen a sword in June, just waiting for $GPU

At 19:30 on August 21, 2023, Kucoin's hot wallet transferred 0.01 ETH to the Big Whale Brother's address. This is the first transaction of the Big Whale Brother's address, and the bloody story of a legendary trader slowly begins.

Before he became rich, Big Whale Brother only conducted two to three sporadic buying and selling transactions per month for nearly half a year, and there were even no transactions in two months. What did he buy during this period? $SRM, $PAAL, $VEIL, $PAI, $CRE, $BTC (BlackrockTradingCurr), $MAGA, none of these coins made him any money, and the latter two meme coins even made Big Whale lose more than $1,600 in January.

In October and December 2023, Big Whale did not have a single buying or selling transaction.

Big Whale was waiting for an opportunity for six months, and finally got the coin that made him a god in one battle - $GPU.

On February 14th at 22:12, Big Whale bought $GPU for the first time. In six hours, Big Whale spent a total of 4 ETH for 6 purchases.

Why did Big Whale choose to buy $GPU on this day? You know, the $GPU token pool was created on December 8, 2023, and no one has been interested in it for three months, and the market value is at $6,000.

I looked through the official project push, and there was no important news released around this day. So why? It's very simple, because on February 13th and February 14th, $GPU has skyrocketed 38 times. Big Whale is actually chasing highs.

What is the market value of $GPU at this time? It is still only $200,000. In the long run, the entry point of Big Whale Brother is just before the surge. Perhaps Big Whale Brother did not expect that the market value of $GPU could reach nearly $300 million, and he would become a legend after experiencing a 1,500-fold increase in a month.

But what I admire most about Big Whale Brother is not that he has a very good entry point, but that he can continue to bet afterwards and keep making waves during the rise of the coin price. Big Whale Brother not only ships as the coin price rises, but also takes it back when the price goes down. $GPU is actually the coin that Big Whale Brother buys and sells most frequently, reaching 113 times, which is completely not on the same level as other holdings.

These swing trading operations allowed him to realize profits while maintaining his positions. In March, he earned $690,000 through the $GPU swing trading, making March the month with the highest profit return for him.

One battle and one victory

Because of the super high returns in March, Brother Big Whale became more generous in his subsequent transactions. April was the month with the largest single transaction amount for him, reaching $200,000. However, the overall amount of funds invested returned to a level similar to that in February, and the number of transactions also decreased to 50, indicating that as the market began to cool down, Brother Big Whale was not overwhelmed by wealth and calmly chose to reduce operations.

This calmness not only prevented him from suffering a large loss in the subsequent months of market fluctuations, but also increased his trading win rate. However, it is worth noting that all my analysis of his profits is based on selling transactions. If it returns to zero after buying and is not sold, I cannot count it here, so there are limitations to the analysis of his win rate, and his actual win rate may not be that high.

However, even if there are not too many mistakes in personal operations, Brother Big Whale's assets have shrunk all the way with the decline of the market, from a maximum of 5 million US dollars to nearly 2 million US dollars. Yes, Brother Big Whale chose to hold $GPU, only selling in small amounts, and never selling in large amounts. Recently, Brother Big Whale has dispersed the $GPU in the address into three new addresses. Perhaps it is to prevent theft, or perhaps it is to conceal shipment, but as of now, $GPU is still in three addresses.

Some data inventory

Which tokens did Big Whale make the most money on?

The answer is obviously $GPU, which achieved a profit return of $1.26 million, and the return he received on $GPU is far greater than that of other currencies. After $GPU, the coins that made him the most money, one did not make much money, and the other did not make a high multiple. It seems that no matter how powerful and lucky a person is, he can only be a god on one coin.

However, I would like to explain here that since Big Whale did not sell all of his coins, the return brought to him by $GPU is far more than that.

Which tokens did Big Whale lose the most money on?

It can be seen that Big Whale still has a relatively high tolerance for losses in meme coins. Most of the coins were stopped at the end when there was no hope of losing. Only one coin, $MZERO, was an exception. Because of the high investment cost, the stop loss was set early.

Summary

Looking back, all the selling transactions of Big Whale over the past year have achieved a cumulative profit of 1.19 million US dollars, which is basically equivalent to the profit he made from selling $GPU. In other words, his operations on coins other than $GPU are basically in vain.

In fact, human energy is limited. Hoping to get every coin that increases 100 times or 1,000 times is an obstacle to our trading. It is better to concentrate your positions and put all your funds on one or two leading stocks, and do swing trading like Big Whale. This will not only ensure stable profits, but also make it easier to respond and adjust when the market falls.

Dare to continue betting on only one or two coins. This is a kind of supreme trading wisdom and courage.