Cryptocurrency Whale Hunting: How One Investor Made 100x Return on SafeMoon

New paradigms bring new metaphors to a whole new audience of hungry investors. To review: a“whale” is an investor of cryptocurrency (or anything for that matter) which holds a large enough chunk of coins to impact the price if they choose to sell. In the early days of an alt-coin this can make or break the brand.

SafeMoon is no exception — the hopeful darling of the hype-coin market has been weathering a pod of whales who are cashing out on some very fortunate (and very savvy) investing. The term “whale” is nothing new and has been used in traditional investing for years but with all eyes on the crypto, and tens of thousands of investors watching the pot boil minute by minute, you can bet every large profit-taking moment is going to face scrutiny.

Of course, one of the key differences between retail stock investing and crypto-coin trading is that the latter is built on an open source of transactions. You can literally watch in real time every wallet and see what they are doing with their investments and trades.

0xcc64ea842fcde4283cf239259f7462ef809c44fd

That’s not a covfefe typo — that is the address to one of the most valuable wallets on the alt-coin market — the largest holder of SafeMoon coins on the planet. Think of SafeMoon as a large ledger with buys and sells and holds and all of it listed for the public to see. Online tools like this one make it super easy to parse this data and find some surprising insights!

Screenshot of top wallet holders for the SafeMoon AltCoin from https://bscscan.com/

You can actually see ALL of the current coins “attached” to that wallet with other tools as well. That’s right, his holdings in SafeMoon are valued over $30 million.

Screenshot of the biggest coin holder on the SafeMoon BEP20 chain

We can discuss the ethics, advantages and awkwardness of stalking an investor in realtime like this but it can also help alleviate jealousy, FOMO and you can get some great tips on alt-coin investing.

As I alluded to in my previous article a well-timed investment on the first second of the first hour of SafeMoon’s launch would yield you something like $8 million. But the bulk of the 380K holders of the currency came in just the last few weeks and if we track the whale’s journey you can see this isn’t just your average investor.

Thar she blows!

Hunting the Whale’s movements is a fairly easy endeavor. I won’t go through their entire history but here are the key moments for this discussion. SafeMoon launched its token on March 6th with a price of $0.00000000001 — that’s ten zeros behind the decimal and a 1. I don’t go through the exact prices for each and note that the amounts will change because the whale purchased the SafeMoon tokens with BNB coins…

SAFEMOON PURCHASE 15BNB or ~$2.5K on March 11th
https://bscscan.com/tx/0x584ca189ace1a6d65bfc720ee6c2c169a514bef9af0f75d0f0170f85451c5d47
2,906,188,316,432 shares of SafeMoon @ ~$0.000000002 a token
(Today, this is worth over $2M)

SAFEMOON PURCHASE ~$15K on March 12th.
Executed twice! Here’s the first one:
https://bscscan.com/tx/0xed5bd57b7010c491fedd97efeaa3292bee350aeb7227dc3352d5f6eabba01156
962,437,191,256 shares of SafeMoon @ ~$0.00000001 a token
(These two purchases are worth $1,347,412 today)

(Notice the BIG advantage in investing early… even just a day earlier!)

BIG SAFEMOON: ~$200K on MAR 24th
https://bscscan.com/tx/0x39ea928cda5240140429215226f5dfc1f319c8ef409f186858584d51cb8b147e
340,765,146,451 @ ~$0.00000058 a token
Today this is worth about $250K

That’s just a sample of the work and I should have the syphoning done in the next bit to tell you HOW MUCH they actually invested. It’s at least well north of $250,000.

That’s a BIG risk for a small alt-coin in the new cryptocurrency — but it paid off!

Disclosure: I hold some SafeMoon but I am not a financial advisor. Do you own research before you risk anything in this market!

CMO at large. I live at the intersection of AI, machine learning and marketing. It’s a busy corner! (I need to model that).

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store