Cryptocurrency markets have attracted great attention in recent years. Thus, investors made significant gains in this area. This interest is also increasing by whales and institutional investors who invest in different cryptocurrency projects such as RNDR coin. In this article, we will examine some recent notable whale investments. We will also examine what these investments mean for the cryptocurrency markets. Here are the details…
Kenetic Capital made a profit with RNDR coin
Kenetic Capital, an Asian blockchain investment company, came to the fore with its investment in Render (RNDR) token. Thanks to his investment, he made millions of dollars during this week. According to the data of Blockchain analysis platform Spot On Chain, Kenetic Capital attracted attention. Because it has sent a total of 6.6 million RNDR to central cryptocurrency exchanges since December 24, 2023. Before making these transactions, Kenetic Capital was the largest RNDR holder.
Kenetic Capital, along with a group of other investors, made a $2 million seed investment in Kodiak earlier this month. RNDR, the token of Render, which enables decentralized rendering with GPU, gained more than 15% in value during the week, according to TradingView data. It is estimated that Kenetic Capital has earned approximately 15.95 million dollars in total thanks to the tokens it has sent to the exchanges so far.
Whale stream to PANDORA
According to tracking data from Lookonchain on February 14, two whale addresses purchased nearly $5 million worth of PANDORA in the past two days. Of these, the address starting with 0xcdba purchased PANDORA for $3.09 million with an average price of $22,707. The address starting with 0x6fCa purchased PANDORA for $1.87 million at an average price of $17,087.
DWF Labs and another smart money trade CYBER and API3
According to @ai_9684xtpa’s tracking data on February 13, DWF Labs withdrew $1.02 million worth of CYBER from Binance 16 minutes ago. It’s been three months since DWF last made a major transfer to CYBER. Meanwhile, CYBER is up 14% in the last seven days.
According to tracking data from Lookonchain on February 14, SmartMoney withdrew $1.18 million worth of API3 from Binance 2 hours ago. SmartMoney is known to be a trader with a high profit rate in trading API3 tokens.
These developments show that investor interest and confidence in cryptocurrency markets has increased. Increased interest from whales and institutional investors in particular could lead to greater liquidity and stability in markets. Recent whale investments show increasing interest and confidence in cryptocurrency markets. Increased interest from whales and institutional investors in particular could lead to greater liquidity and stability in markets.
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