How a Client Earned Over $5000 on $MPL Using My collections
How a client earned using our product – My Collections
On July 15, I was studying tokens in the RWA industry and witnessed the Mapple token's intra-day growth of +15% with increased volumes on the chart. I studied large transactions on the blockchain and found major holders actively withdrawing altcoins from CEX exchanges.
I started my analysis by reading the MPL chart.
Fig. 1 – “MPL/USD on Coinbase”
TIP:
When reading the chart, pay attention to the rise in volumes. This can be a hint that significant price movements may start on the asset.
The asset's 15% growth in one day and increasing volumes prompted me to search for whales and smart traders through the Ethereum blockchain.
Thus, I found large withdrawals from wallets on the Coinbase exchange.
Fig. 2 – “Withdrawals from the exchange according to the Ethereum blockchain”
After studying the wallets using the service, I made my collection. During the address analysis, I found that many of them had long been accumulating the MPL token.
For example, the first wallet in my collection had been accumulating MPL earlier. The value of its tokens at the time of transfer in 2022 was $2.13M or 84K MPL!
Fig. 3 – “MPL whale transactions according to ArbitrageScanner”
To study the MPL wallet transactions – click here