"There are also a lot of crypto traders, it's like there's no tomorrow, it's really fast."
Amidst the entire cryptocurrency market including Bitcoin (BTC) seeing significant reds, a trader wasted no time buying eight digital assets using a buy-the-dip strategy while the price was in a slump.
By observation, the crypto trader with the address 0x4fdFE has made a massive purchase of $59 million in total, where he collected 9,435 Ethereum (ETH) worth $30.92 million today.
At the same time, EmberCN's on-chain data showed that traders were rushing to collect 957.7 billion Pepe Coin (PEPE) worth $9.82 million shortly after the price experienced a 17% decline over the week.
The trader also collected 583.7 billion Shiba Inu (SHIB) worth $9.63 million then invested $3.13 million to buy 438,700 Render (RNDR) as the price saw a 4.59% pullback at $7.29.
In addition to scooping up 5.187 million Polygon (MATIC) worth $2.81 million, traders also bought 104,100 Chainlink (LINK) which cost $1.47 million during today's price making a decrease of 0.19%.
Avalanche (AVAX) which tumbled about 8.09% to $25.66 in the last 24 hours then slipped 0.48% over the last week has caused the trader to buy 39,100 AVAX worth $1.08 million.
It should also be noted that the attention of crypto investors was also attracted when traders collected 2.762 million The Graph (GRT) worth $0.55 million in the middle of the price decrease of 3.72% throughout the past day at $0.2024.