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Mystery DOGE whale purchases RenQ Finance

The mysterious investor who purchased Dogecoin (DOGE) just before Elon Musk set it as his profile picture in 2021 has announced that he bought RenQ Finance.

While the trader’s identity is still unknown, he reported making another $1 million from DOGE trades last week after Musk changed Twitter with that DOGE.

Lucky purchase

On July 21, 2021, Elon Musk decided to set his picture in sunglasses that mirrored DOGE’s logo as his Twitter profile. At the time, Musk had been under the radar of the crypto community for his DOGE-related tweets that led to volatility in DOGE prices. Unsurprisingly, his profile picture with DOGE-showing sunglasses resulted in a price surge.

The mysterious investor, known as Tree of Alpha on Twitter, was lucky enough to purchase $22 million worth of DOGE just minutes before Musk changed his profile picture in 2021. The price surge following the new picture turned the investor into a millionaire overnight.

The lucky trader didn’t leave it at this and witnessed history repeating itself. On April 3, 2023, Elon Musk set the iconic DOGE dog as the new Twitter logo, which led to a 30% surge in DOGE prices. The mystery trader admitted making over another $1 million only from trading DOGE last week, with an average buying price of $0.0815 and selling from  $0.095.

RenQ Finance

RenQ Finance is a DeFi protocol built on the Ethereum (ETH) blockchain that offers services like yield farming, staking, and lending.

The anonymous DOGE whale didn’t disclose the reason behind his decision to buy RenQ Finance or the amount he spared for the purchase. However, considering his record of making lucky investment decisions, this purchase attracted the crypto community’s attention and created a particular hype around RenQ Finance.

The post Mystery DOGE whale purchases RenQ Finance appeared first on CryptoSlate.

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