Cryptocurrency markets followed a very volatile course in 2024. However, recently, some coins have made significant gains. These coins include ILV coin, PENDLE, SNOW and ETH.
1inch co-founder sold ILV coin
1inch co-founder Anton Bukov sold 25,186 ILV tokens on January 25. This sale amounted to 1.11 million USDC. The selling caused the ILV price to drop briefly. However, ILV started to rise again after this decline and is trading at $73.36 as of January 25. This sale of Bukov is likely related to the proceeds of 1inch’s new funding round. At the time of its launch, 1inch closed a USD 200 million funding round. Important investment funds such as Andreessen Horowitz, Sequoia Capital and Paradigm participated in this funding round.
Loaded gain with PENDLE and SNOW
On the other hand, the profit event was revealed for PENDLE, which reached an all-time high. PENDLE is the token of a project operating in the field of decentralized finance (DeFi). PENDLE reached a new peak again today. This rise is due to the increasing activity of the project in the DeFi field. PENDLE has seen significant growth in the DeFi space. The project started offering new liquidity pools and new products. These developments increased the popularity of PENDLE.
As observed by on chain data analyst @ai_9684xtpa, on January 25, PENDLE reached a new high again today, while the whale address with the second largest PENDLE holdings has now made a profit of US$8.92 million. It was reported that the whale address spent 1.5 million US dollars to purchase 4,272,241 PENDLE in pieces between February 8 and October 20, 2023. The average cost of purchasing coins was $0.35. Its current value is $10.42 million. So the return rate is 594%. However, no sales transactions have been made yet.
The presence of a trader who made a profit of 651,000 USD on SNOW by investing less than 3,000 USD in 19 hours caused SNOW to attract attention. This trader bought 386.94 trillion SNOW tokens for 1.31 ETH and sold 72 trillion tokens for 53.4 ETH. This transaction caused the price of SNOW to increase 40 times in 19 hours. It also shows that the trader made a profit of 220x. The identity of this trader and the purpose of this transaction are not yet known. However, this transaction reveals SNOW’s potential.
Important transactions also attracted attention in Ethereum
ETH is the largest token in the cryptocurrency market. A giant whale deposited 3,000 ETH to the Binance exchange 2 minutes ago, reflecting the upward expectation in ETH. The average ETH cost of this giant whale is 1,980 USD. If this whale sells all his ETH, he will make a profit of 702,000 USD. The identity of this whale and the purpose of this operation are not yet known. However, this transaction strengthens the expectation that ETH’s upward trend will continue.
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For the rest of the article, ILV Coin and Big Profit in These 3rd: That Altcoin Founder Sold Too!