Spot Ethereum ETF While fresh wallets and whales turned to Ethereum-based altcoins, which attracted attention with their rise, during and after the approval process, these large purchases by whales increased speculation that the altcoin season could begin.
Looking at whales’ intake In PEPE and Ethena (ENA) appeared to be concentrated.
According to data from Spot on Chain and Lookonchain, which track whales’ purchases, whales have increased their PEPE and ENA purchases in recent days.
Accordingly, a whale bought 1.32T PEPE worth $18.2 million from Binance in just 2 days.
Additionally, three whales received 54.31 million ENA worth $45.6 million from CEX in the last 7 days seen.
PEPE price 40% in the last 7 days; ENA recorded an increase of 21%.
What a crazy buy!
This whale bought 1.32T $PEPE($18.2M) from #Binance in just 2 days.https://t.co/BJrm5MPqCShttps://t.co/zq9f38G7Vc pic.twitter.com/jnddrLZ5AV
— Lookonchain (@lookonchain) May 24, 2024
*This is not investment advice.
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