News and Analytics

0

Activity in Cryptocurrency Whales: Ethereum and Fantom Accumulation

Jun 3, 2024

The start of a new week witnessed Bitcoin (BTC) and Ethereum displaying positive momentum, alongside notable activity within the whale community. Currently, a prominent Ethereum whale is observed accumulating ETH assets. Reports from Lookonchain reveal that this whale, having previously gained $76 million from Ethereum, recently acquired 7,000 ETH valued at $26.7 million from Binance at a rate of $3,814 per ETH. This strategic move has increased the whale's ETH holdings to 36,785 ETH, estimated to be worth $141 million, with a remarkable total profit of $76.6 million, indicating a significant gain of 57.9%. Concurrently, another whale is actively accumulating Fantom (FTM), withdrawing 2.96 million USDC from Aave and utilizing 2.23 million USDC to purchase 2.82 million FTM at a rate of $0.79 per token. This acquisition leaves the whale with 736K USDC in reserve. Additionally, a new wallet transaction saw the purchase of 02.4 billion PEPE tokens amounting to $23.07 million from Binance. The rise in cryptocurrency prices has motivated these whales to make substantial investments in assets like Ethereum, Fantom, and PEPE, showcasing their strategic buying patterns and active participation in the market.

Comments

Latest analytics

Roman Storm and...

Roman Storm and his contribution to Tornado Cash development

Investment Opportunities...

Investment Opportunities and Risks of Leverage Shares Products

Show more

Latest Dapp Articles

Show more

You may also like