The prices of cryptocurrencies in the world of Bitcoin and altcoins can be influenced by various factors. Developments, sales, or announcements can have an impact on prices. The price of the ORD crypto currency experienced a drop of approximately 30% after an announcement. However, an ORD investor turned this negative trend into an opportunity by focusing on the pre-announcement and selling in a timely manner.
An investor is seen to make strategic moves in the ORD market by leveraging a tweet from Luke Dashjr, a Bitcoin Core developer. Dashjr stated that Ordinals and BRC-20 tokens will be delisted from the market, rendering these tokens useless. This announcement led to a decrease in the price of the ORD crypto currency.
The investor managed to sell 59,000 ORD tokens for $3,540,000 just before the drop, earning over $2.3 million in profit.
In addition to the investor’s smart moves, there was also a notable withdrawal of 65,263 tokens worth $1,300,000, which took place on November 22 when the token’s value was $20 on Binance.
While the cryptocurrency market continues to offer unique opportunities for knowledgeable investors, those who make well-timed decisions continue to achieve significant gains. At the time of writing, the price of the ORD crypto currency is around $51.80, compared to its peak of $65.80, and its price is drawing attention with the increase in Bitcoin’s price.