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The Whale Who Made Money by Buying Bitcoin in LUNA and FTX Crises is Back Again, Gathering! - Coin Bulletin
Spoofy, the famous Bitcoin whale who previously made huge profits from the crashes of FTX and Luna, took the opportunity of the price falling below 90,000 dollars to buy BTC worth 344 million dollars.
Spoofy, known for large-scale transactions in the crypto market, collected 70,000 BTC during the Luna and FTX crashes in 2022 to buy at low prices. Then, as Bitcoin rose to $40,000 - $70,000 levels in 2023 and 2024, gradually sold these assets and made significant profits.
The investor who opened a new position of 24,000 BTC during the year 2024 also sold these assets at a profit as the price rose to $70,000 - $108,000 level.
Bitcoin saw the drop as an opportunity
On February 27th, Spoofy bought an additional 4,000 BTC while the Bitcoin price was trading in the range of 82,000 - 85,000 dollars.
Analyst Saint Pump announced that the total value of this new purchase is 344 million dollars. Given Spoofy’s previous market moves, it is believed that investors are viewing this decline as an opportunity and adopting a long-term strategy.