According to Onchain data, the newly created giant cryptocurrency wallet purchased a total of $3.07 million worth of altcoins in 30 minutes.
Whale Purchases
The new crypto whale purchased Floki Inu (FLOKI), Worldcoin (WLD), and Pepe (PEPE) altcoins.
Composition of Bought Altcoins
Here is the size of the bought cryptocurrencies: * Floki Inu (FLOKI): 4.28 billion tokens worth $511,500 * Worldcoin (WLD): 227,000 tokens worth $391,000 * Pepe (PEPE): 292.87 billion tokens worth $2.17 million
Subsequent Value Changes
When the data is examined, it is observed that there have been minor changes in the value of this whale's tokens since the purchase. From the transactions that took place 4 hours ago, the cryptocurrency whale made a profit of $14,650 from PEPE, while he lost $9,940 and $5,470 from FLOKI and WLD, respectively. In total, he lost $754. It should be noted that a significant portion of the whale's purchases were in memecoins, and the largest memecoins have lost an average of 63% of their value in the last year.
Thus, despite the activity and significant investments in memecoins, the risks associated with their high volatility continue to be relevant in the cryptocurrency market.
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