Blockchain analytics firm Lookonchain has noted a crypto trader who has gone long on 29 positions over the past month, earning profits on every transaction. The trader has made profits on a total of 31 transactions, with two short positions, both on FARTCOIN. His long positions earned him a total profit of $2.3 million.
“Trader 0xb8b9 with a 100% win rate is currently long on $BTC, $ETH, $SOL, and $LINK. Over the past month, he’s made 29 long trades—all profitable—for a total profit of over $2.3 million. But now, his current positions are down over $2 million. Can he turn it around and keep his perfect streak alive?” read the X post.
The long positions were on a variety of established blue-chip cryptocurrencies, including Solana, Bitcoin, Ethereum, and XRP. Currently, the trader has 4 open orders on LINK, BTC, ETH, and SOL, and a collective unrealized negative PNL of $617,000, a metric that keeps fluctuating with price movements.
Source: Yahoo Finance
An overview of crypto-trading pairs by Yahoo Finance shows that BTC, ETH, USDT, XRP, and BNB are the most actively traded digital assets, and most commonly paired with USD. Apart from DOGE, no other memecoin is in the top 10 most actively traded cryptocurrencies.
Even though this trader has a winning streak, there are also instances of traders losing money on their positions. As reported earlier by Coin Headline on June 18th, a trader on Hyperliquid lost $2.5 million on a trading position that initially had an unrealized profit of $10 million, due to the sudden drop in Bitcoin price.
