Cryptocurrency whales are of great importance in the world of Bitcoin and altcoins. Individual, small investors watch with interest what whales are buying and selling. In this article, we will talk about 3 altcoins that have been exposed to the latest whale movement. Here are the details…
Cryptocurrency whale gets 3.79 trillion PEPE
Lookonchain, which provides on-chain data, shared the details of a person who spent nearly $1 million to purchase PEPE Coin. According to on-chain data, the user has purchased 3.79 trillion PEPE with 422 ETH and 100,000 USDC. The purchase took place from April 19 to April 2022 at an average price of 0.0000002563 USD. This acquisition also made the user the tenth largest owner of PEPE. cryptocoin.com As we reported, in its early days, PEPE attracted significant attention due to a notable transaction that attracted the attention of the cryptocurrency community on Twitter.
A meme coin trader sold around $250 worth of 0.125 ETH for 5.9 trillion PEPE tokens. As interest in the meme coin grew, the value of the coin in the hands of the investor rose to approximately $1.8 million by April 19, 2023. That is, it potentially delivered a return of about 4,500 times the initial investment. Last week, there was a lot of excitement surrounding PEPE Coin. This resulted in its market cap jumping from just a few thousand dollars to over 150 million dollars. Many traders even debated whether the “meme coin season” is back with PEPE.
Big investor movements draw attention in Arbitrum
Arbitrum (ARB) has become the second coin to join the ranks of high-performing cryptos with whale movements. ARB yesterday reached $1.48, up 11.63 percent in 24 hours. ARB is currently leading the layer 2 momentum. While current Arbitrum growth is fueled by broader bullish market sentiment, other factors are also noteworthy. The L2 network is being accumulated by whale investors. Arbitrum’s move to distribute governance token rewards to some of its core participants has resulted in whales hoarding more of the token. resulted in high accumulation. Some of these whales received fake airdrops, fueling the sales of some. However, many people also add to their bags.
Arbitrum, like most competing layer 2 protocols, is a relatively new network. Therefore, the price of the token still appears to be seeking stability. The cryptocurrency hit an all-time high (ATH) price of $11.80 exactly a month ago, but soon dropped more than 87 percent to its current level. According to L2Beat data, while Arbitrum ranks high as an L2 in both transaction count and gas fees, it may not be able to retest its ATH until a new bull market is confirmed. At its current price, Arbitrum is 30 percent above its lowest price point. This indicates that the initial backers of the coin are in profit.
SHIB whale bought 168 billion coins
Finally, Etherscan.io data reveals that the 19th largest owner of the Shiba Inu has purchased 168.37 billion SHIB worth $1.72 million in two separate transactions in the last 24 hours. The whale’s buying frenzy started about four hours ago with a single transaction. Added 9.81 billion SHIB to portfolio. But this was just the beginning. Moments later, the whale made another astonishing purchase worth $1.62 million. So, he bought SHIB for a total of $158.55 billion as a result.
This news comes after the top ETH whale known as “BlueWhale0073”. BlueWhale made a special purchase of SHIB 311.9 billion worth $3.32 million in two separate transactions. Recent developments in the Shiba Inu Ecosystem have rekindled Whales’ interest in SHIB. Most recently, Lithuania-based leader Blockbank has added support for the Shiba Inu to its platform. As another exciting development, Binance Pay news came. Binance Pay has partnered with ivendPay to upgrade the use of SHIB as a payment method.
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