The cryptocurrency market has been experiencing great volatility lately, and this has also had a significant impact on altcoins. In the last 24 hours, it has been observed that many whale investors are moving away from Bitcoin and towards altcoins. This has caused significant activity and price increases in the altcoin market, including the likes of TRB coin.
TRB coin and those cryptocurrencies are in the focus of whales
According to data from the blockchain analysis platform Lookonchain, whales have been purchasing large amounts of altcoins from major exchanges such as Binance and OKX since yesterday evening. Some of the coins that stand out in these purchases are:
- Uniswap (UNI): A whale made an investment of approximately $8.5 million by withdrawing 870 thousand 827 UNI tokens from OKX in the morning.
- Bluzelle (BLZ): Another whale bought 7.69 million BLZ tokens worth $2.16 million from Binance.
- PEPE: Two different whale addresses attracted a total of 303.4 billion PEPE tokens from Binance and OKX, making an investment of $3.8 million.
- TRB: According to Etherscan records, a whale made an investment of $1.9 million by purchasing 20 thousand 628 TRB tokens from Binance.
It is noteworthy that most of the wallets making these purchases were newly opened. This indicates the presence of new investors entering the market and bringing significant amounts of capital. It appears that the whales have not sold the tokens they have purchased so far. This shows that they follow a long-term investment strategy. The recent upward trend in the altcoin market may have also affected the investments of these whales. Meanwhile, there is another whale buying. The investor named Machi Big Brother has been purchasing FRIEND tokens since May 3. He purchased 8.6 million FRIEND tokens at an average price of $1.81, spending 4,975 ETH (approximately $15.6 million). Since the price of the FRIEND token has now dropped, the investor lost $7.9 million from this transaction.
Whale deposited MKR and AAVE to Binance
A whale investor deposited $3.8 million of MKR and $20,000 of AAVE tokens into Binance to make a profit. It made a 287% profit on MKR and 17% on AAVE.
This significant movement in the coin market in the last 24 hours shows the interest of whales. This situation could be a turning point for the altcoin market and could lead to significant price increases in the coming period. It is important for investors to follow these developments closely and evaluate their investments carefully.
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