The cryptocurrency market has been facing an increasing buying spree by whales lately. The last target of the whales was the ETHFI (ether.fi) altcoin, which was listed on Binance last week. Purchases by 4 of ETHFI’s top 5 whales on March 27 caused the price to reach its all-time high (ATH). Meanwhile, RNDR coin and GMT were also mobilized by large companies or whales.
Crypto whales flock to ETHFI: Price reached ATH!
Recently, the buying frenzy of whales in the cryptocurrency market has attracted attention. The final target was the ETHFI (ether.fi) altcoin, which was listed on Binance last week. According to data from on-chain analysis platform Spot On Chain, 4 of ETHFI’s top 5 whales took action on March 27 and purchased 1 million ETHFI worth $5.4 million at a cost of $5.2. Whales made these purchases through the Binance and KuCoin exchanges.
These 4 whales currently hold 12.2 million ETHFI worth $76.6 million. This amount corresponds to 10.6% of ETHFI’s total supply. The increasing interest of whales also pushes the price of ETHFI up. According to CoinGecko data, ETHFI, which has increased by 30% in the last 24 hours, reached its all-time high of $ 6.40. At the time of writing, it is trading at $6.20.
cryptokoin.com As we reported, ETHFI, listed as Binance’s 49th Launchpool project, has managed to attract the attention of investors since the first day with its decentralized staking protocol feature. ETHFI is a platform that offers the opportunity to stake ETH assets on the Ethereum network. The platform allows users to lock their ETH and earn ETHFI token rewards. ETHFI’s price has been rising recently with increasing whale interest and the staking opportunity offered by the platform.
RNDR coin and GMT transfers attract attention
Apart from whales’ interest in ETHFI, there are other notable movements in the market. On March 27, it was determined that the address 0xc7e, followed by @ai_9684xtpa, had withdrawn assets worth $ 16.01 million from Binance. It was also revealed that this address transferred a total of 133 million GMT from Binance in the last 5 days and made a profit of $44.06 million.
Additionally, according to Lookonchain’s data, it was determined that wallets linked to Amber Group withdrew RNDR worth $ 1.1 million from Binance 6 hours ago. It is also known that the wallet attracted RNDR at a price of $4.68 and has made a profit of $6.82 million so far. The movements of whales in the cryptocurrency market are considered an important indicator for investors. Therefore, whales’ interest in ETHFI and other altcoins may play a decisive role in the market in the coming period.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.