Significant COW to SUSHI Swap Indicates Potential DEX Rotation Strategy
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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.
SourceAi 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references