Recently, the cryptocurrency market has turned into a storm. Whales, which create giant waves, continue to move the market by investing large amounts in altcoins. At the same time, some whales are filling their coffers with millions of dollars in profits from past investments. In this article, we will examine the recent huge movements of crypto whales making moves with cryptos such as PEPE coin and FLOKI and the amazing gains made by smart investors.
Whales are making critical moves
Recently, huge movements in the cryptocurrency market have attracted attention. Wealthy investors, known as whales, continue to move the market by investing heavily in altcoins. At the same time, some whales are making millions of dollars in profits from their past investments. An Ethereum whale recently invested a total of $28.75 million in altcoins such as Uniswap (UNI), AAVE, LDO, ENS, and FXS. These investments were made through the Binance exchange. It is known that there is approximately 159 Ethereum in the whale’s wallet.
Another smart cryptocurrency whale earned millions of dollars by investing in three altcoins named Pepe (PEPE) coin, Pepecoin (PEPECoin) and Joe (JOE). Whale made a profit of $2.17 million from PEPEs, $663 thousand from Pepecoins and $110 thousand from JOEs he purchased on December 6, 2023.
Theunipcs.eth’s amazing win
The investor named Theunipcs.eth has made huge profits by investing in two altcoins named Floki (FLOKI) and MAGA (MAGA) since April 8, 2024. The investor invested 276.4 Ethereum (about $863 thousand) in FLOKI and 18.45 Ethereum (about $57 thousand) in MAGA. As a result, he made a profit of $3.4 million (+6005%) from MAGA and $245 thousand (+28%) from FLOKI.
WIF investor skyrocketed the price
On the other hand, a whale’s investment put dogwifhat (WIF) on a rocket. According to Lookonchain’s data, this mysterious whale purchased 953 thousand 177 WIFs worth $ 2.98 million last night. This investment immediately pushed WIF’s price up by 7%, increasing the coin’s value to $3.13. The whale’s interest in WIFs was not new. On May 21, he purchased 355 thousand 417 WIFs for 1 million USDC. Although this investment generated a profit of $90 thousand, the whale seems to want to make more this time.
According to market data, the WIF price has been rising steadily following the whale’s investment. This shows that the whale has a significant impact on WIF and investors are also affected by this situation. So why is this whale investing in WIFs? There is no definitive answer to this question. Perhaps the whale believes in WIF’s long-term potential, or perhaps he is looking to make a short-term profit. Whatever the reason, this whale’s investment is a significant development for WIF and a hopeful sign for the coin’s future.
These examples show how much power whales and smart investors have in the cryptocurrency market. Whales can influence the market with their investments and earn huge profits. At the same time, smart investors who invest in the right altcoin at the right time can earn millions of dollars in profits. The information contained in this news is not investment advice. Cryptocurrency investments are quite risky and it is important to do detailed research before investing.
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