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Whale Activity Surges as Bitcoin’s Rise Inspires Buying Spree in Altcoins
Whale Activity Surges as Bitcoin’s Rise Inspires Buying Spree in Altcoins!
The whales are on the move. While one whale made a $76 million profit on Ethereum and increased their ETH holdings, two other whales invested in Phantom and PEPE.
Author:
Elif Azra Güven
03.06.2024 – 20:27
Update:
1 day ago
0
Bitcoin (BTC) and Ethereum are starting the week with a strong upward momentum, and the whales are taking notice.
One smart Ethereum whale continues to accumulate ETH. According to Lookonchain, this whale made a $76 million profit on Ethereum and recently purchased 7,000 ETH worth $26.7 million from Binance at a price of $3,814.
Currently, the whale holds 36,785 ETH (valued at $141 million) with an estimated total profit of $76.6 million (+57.9%).
In addition to the Ethereum whale, another whale is accumulating Fantom (FTM). This whale withdrew 2.96 million USDC from Aave and used 2.23 million USDC to buy 2.82 million FTM at a price of $0.79.
“A whale is buying FTM!
This whale withdrew 2.96 million USDC from Aave and used 2.23 million USDC to buy 2.82 million FTM at $0.79. They currently have 736K USDC left.”
Lastly, a new wallet purchased 2.4 billion PEPE worth $23.07 million from Binance during the day.
A smart whale withdrew 7,000
$ETH
($26.7M) from
#Binance
2 hours ago and currently holds 36,785
$ETH
($140M).
Their profit on
$ETH
is approximately $76M!
https://t.co/qj2FgcQOFr
pic.twitter.com/O8UDFrzWtY
— Lookonchain (@lookonchain)
June 3, 2024
*This is not investment advice.
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