A giant whale bought 14 coins worth $120 million, sparking speculation among market participants. These coins include ETH, PEPE, DOGE and SHIB Coin. The accumulations are based on a strategy of buying on a potential dip. Here is an overview of these holdings and the current price movements of the coins mentioned above.
The giant whale filled its bag with SHIB Coin and these 13 altcoins!
As you have been following on Kriptokoin.com, the market faced a sharp sell-off today. The latest on-chain data is generating optimism for certain altcoin prices, with one crypto whale implementing a potential bottom-buying strategy today as the market turns bearish. Despite Bitcoin and most crypto prices falling, the whale managed to accumulate $120 million worth of holdings in 14 different coins, including PEPE, RNDR, MATIC, LINK, AVAX and SHIB Coin. The breakdown of the coins the whale bought is as follows:
- 40.7 million USDT
- 9,425 ETH (worth $30.15 million)
- 957.77 billion units of PEPE (worth $9.84 million)
- 583.78 billion SHIB Coins (worth $9.68 million)
- 16,192 BNB (worth $9 million)
- 58.15 million units of DOGE (worth $6.95 million)
- 438,721 RNDR (worth $3.17 million)
- 5.18 million MATIC (worth $2.81 million)
- 3 million FTM (worth $1.59 million)
- 9.49 billion pieces of FLOKI (worth 1.56 million dollars)
- 104,128 units of LINK (worth 1.5 million dollars)
- 840,776 FET (worth 1.06 million dollars)
- 39,141 AVAX units (worth $1.05 million)
- 2.76 million GRT (worth 556 thousand dollars)
A look at the whale’s token holdings
According to data released by on-chain monitor Lookonchain, the whale address in question appears to be making massive purchases. Even though the usual market sentiment is bearish, the whale sees this as an opportunity and adjusts its buying strategy accordingly.
Ethereum (ETH)
According to Lookonchain data, the aforementioned address raised 9,425 ETH worth $30.15 million today. The ETH price was trading at $3,306, down 4.10% over the past day. It is worth noting that the whale’s Ethereum accumulation has gained significant momentum, with the possibility of a future launch of an ETH ETF increasing.
Pepe Coin (PEPE)
Simultaneously, on-chain data showed that the same whale accumulated 957.7 billion PEPE worth $9.84 million today. The price of PEPE fell 7.45% from yesterday to $0.00001043. The significant price drop in Pepe coin, as seen by a 17% drop during the week, may have encouraged the whale to enter the PEPE market.
Shiba Inu (SHIB Coin)
The whale also accumulated 583.7 billion SHIB Coins worth $9.68 million amid the SHIB Coin price drop. Shiba Inu is trading at $0.00001658 today, down 3.15% over the past day.
Render (RDNR)
This whale address amassed 438,700 RNDRs worth $3.13 million, according to the data. This accumulation occurred as the RNDR price dropped by 4.59% to $7.29. It is worth noting that the address currently has $3.16 million worth of RNDR.
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