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Significant COW to SUSHI Swap Indicates Potential DEX Rotation Strategy | Flash News Detail | Blockchain.News
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12/16/2024 2:31:26 AM

Significant COW to SUSHI Swap Indicates Potential DEX Rotation Strategy

Significant COW to SUSHI Swap Indicates Potential DEX Rotation Strategy

According to Ai 姨, an investor withdrew 1.1 million COW tokens, approximately valued at $1.1 million, from Binance three hours ago. Of these, 1.08 million COW tokens were swapped for SUSHI, suggesting a bet on decentralized exchange (DEX) rotation. The remaining 20,000 COW tokens were sold directly at $1 each. The cost basis of these COW tokens is unknown as they were not acquired on-chain, but it is likely that the investor bought them at a low price and realized profits during today's price surge.

Source

Ai 姨

@ai_9684xtpa

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