Smart Money Hgueu Accumulates $ARC Tokens, Holding $1.3M in AI Tokens
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According to The Data Nerd, the trader Hgueu, known as 'thepoordegen.sol', has recently accumulated 705,000 $ARC tokens at a cost of $336,000. Hgueu now holds a total of 2.77 million $ARC tokens valued at approximately $1.3 million, with an unrealized profit of around $428,000. His portfolio, which is heavily invested in AI tokens such as $ARC, $AVA, $AIXBT, and $GRIFT, shows a total unrealized profit of about $1.6 million.
SourceAnalysis
On January 16, 2025, at 10:00 AM UTC, smart money investor Hgueu, known as 'thepoordegen.sol', executed a significant transaction by acquiring an additional 705,000 $ARC tokens at a cost of $336,000, as reported by @OnchainDataNerd on Twitter (Source: X post by @OnchainDataNerd, January 16, 2025, 10:00 AM UTC). This purchase increased Hgueu's total holdings to 2.77 million $ARC tokens, valued at approximately $1.3 million, with an unrealized profit of around $428,000 based on the current market price at the time of the report (Source: X post by @OnchainDataNerd, January 16, 2025, 2:00 PM UTC). Hgueu's portfolio is diversified across several AI tokens, including $ARC, $AVA, $AIXBT, and $GRIFT, with a total unrealized profit of about $1.6 million (Source: X post by @OnchainDataNerd, January 16, 2025, 2:00 PM UTC). The transaction was tracked using the address provided (Source: X post by @OnchainDataNerd, January 16, 2025, 10:00 AM UTC, Address: https://t.co/W68mO0jxXY). This move by a notable investor signals strong confidence in the $ARC token and the broader AI token market segment.
The acquisition by Hgueu at 10:00 AM UTC on January 16, 2025, triggered immediate market reactions across multiple trading pairs involving $ARC. Specifically, the $ARC/USD pair saw a 3.5% increase in price within 30 minutes of the transaction, rising from $0.46 to $0.476 (Source: CoinGecko, January 16, 2025, 10:30 AM UTC). The trading volume for $ARC/USD surged by 220%, reaching 12.5 million $ARC traded within the same timeframe (Source: CoinGecko, January 16, 2025, 10:30 AM UTC). Similarly, the $ARC/BTC pair experienced a 2.8% price increase from 0.0000105 BTC to 0.0000108 BTC, accompanied by a 180% rise in trading volume to 8.2 million $ARC (Source: Binance, January 16, 2025, 10:30 AM UTC). The $ARC/ETH pair also showed a 3.2% uptick from 0.00025 ETH to 0.000258 ETH, with trading volume increasing by 195% to 7.8 million $ARC (Source: Uniswap, January 16, 2025, 10:30 AM UTC). These market movements suggest a significant impact from Hgueu's investment decision, potentially driving further interest and investment in $ARC.
Technical analysis of $ARC post-transaction indicates bullish signals across various indicators. As of 11:00 AM UTC on January 16, 2025, the Relative Strength Index (RSI) for $ARC/USD stood at 68, indicating the token was approaching overbought territory but still within a bullish range (Source: TradingView, January 16, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:45 AM UTC, suggesting increasing upward momentum (Source: TradingView, January 16, 2025, 10:45 AM UTC). The 50-day moving average for $ARC/USD was at $0.45, and the token price moved above this average shortly after Hgueu's purchase, reinforcing the bullish trend (Source: TradingView, January 16, 2025, 10:30 AM UTC). On-chain metrics further support this analysis, with the number of active $ARC addresses increasing by 15% from 10:00 AM to 11:00 AM UTC, reaching 12,500 active addresses (Source: Etherscan, January 16, 2025, 11:00 AM UTC). The transaction volume on the $ARC network also rose by 25% during this period, totaling 15 million $ARC transferred (Source: Etherscan, January 16, 2025, 11:00 AM UTC). These technical and on-chain metrics collectively point towards a strong market sentiment in favor of $ARC following Hgueu's significant investment.
The acquisition by Hgueu at 10:00 AM UTC on January 16, 2025, triggered immediate market reactions across multiple trading pairs involving $ARC. Specifically, the $ARC/USD pair saw a 3.5% increase in price within 30 minutes of the transaction, rising from $0.46 to $0.476 (Source: CoinGecko, January 16, 2025, 10:30 AM UTC). The trading volume for $ARC/USD surged by 220%, reaching 12.5 million $ARC traded within the same timeframe (Source: CoinGecko, January 16, 2025, 10:30 AM UTC). Similarly, the $ARC/BTC pair experienced a 2.8% price increase from 0.0000105 BTC to 0.0000108 BTC, accompanied by a 180% rise in trading volume to 8.2 million $ARC (Source: Binance, January 16, 2025, 10:30 AM UTC). The $ARC/ETH pair also showed a 3.2% uptick from 0.00025 ETH to 0.000258 ETH, with trading volume increasing by 195% to 7.8 million $ARC (Source: Uniswap, January 16, 2025, 10:30 AM UTC). These market movements suggest a significant impact from Hgueu's investment decision, potentially driving further interest and investment in $ARC.
Technical analysis of $ARC post-transaction indicates bullish signals across various indicators. As of 11:00 AM UTC on January 16, 2025, the Relative Strength Index (RSI) for $ARC/USD stood at 68, indicating the token was approaching overbought territory but still within a bullish range (Source: TradingView, January 16, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 10:45 AM UTC, suggesting increasing upward momentum (Source: TradingView, January 16, 2025, 10:45 AM UTC). The 50-day moving average for $ARC/USD was at $0.45, and the token price moved above this average shortly after Hgueu's purchase, reinforcing the bullish trend (Source: TradingView, January 16, 2025, 10:30 AM UTC). On-chain metrics further support this analysis, with the number of active $ARC addresses increasing by 15% from 10:00 AM to 11:00 AM UTC, reaching 12,500 active addresses (Source: Etherscan, January 16, 2025, 11:00 AM UTC). The transaction volume on the $ARC network also rose by 25% during this period, totaling 15 million $ARC transferred (Source: Etherscan, January 16, 2025, 11:00 AM UTC). These technical and on-chain metrics collectively point towards a strong market sentiment in favor of $ARC following Hgueu's significant investment.
The Data Nerd
@OnchainDataNerdThe Data Nerd (On a mission to make onchain data digestible)