An unidentified whale has recently amassed a significant position in the altcoin known as BRETT, as per data from the onchain analytics platform SpotOnChain. The undisclosed investor transferred around 979 WETH, equivalent to $3.69 million, to an address in order to acquire more than 31.87 million BRETT tokens.

This marks the first instance of this particular whale purchasing BRETT holdings. The tokens were bought at an average price of $0.116 per BRETT, making it one of the largest single buy orders for the altcoin.

Following the transaction, the price of BRETT witnessed an immediate surge of 11.24% within one hour as news of the acquisition circulated within the cryptocurrency community at the time of the report.

Milei Moneda is a new meme coin inspired by the political and economic ideologies of Javier Milei, a notable Argentine president known for his libertarian views and support for Bitcoin. The ongoing low presale price presents an opportunity to get involved at an early stage.

BRETT is currently being traded at $0.1211 with a 24-hour price increase of 25.84%. Over the past week, the value of BRETT has skyrocketed by over 72%. These rapid price escalations have attracted the attention of BRETT supporters who anticipate further upside potential.

Notably, a prominent BRETT trader named Uzi has set ambitious price targets for the token, ranging from $4 to $8 by the end of the current market cycle. This forecast implies significant returns of 40x to 80x from the present levels.

Uzi believes that investing in BRETT at this point could yield substantial profits, potentially surpassing many other successful alternative cryptocurrencies. Regardless of the outcome of Uzi's prediction, the substantial investment by the whale indicates strong confidence in the long-term sustainability of BRETT. The future trajectory of BRETT, both in price and on-chain activity, will determine the accuracy of this bold bet.