Whales Are Trading Bitcoin, XRP and Those 3 Altcoins! A Trader Made 187x!

Balinalar Bitcoin, XRP ve O 3 Altcoin’i Alıp Satıyor! 187x Yapan Var
Balinalar Bitcoin, XRP ve O 3 Altcoin’i Alıp Satıyor! 187x Yapan Var
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Bitcoin, the world’s leading cryptocurrency, tried to break the $70,000 mark but soon encountered selling pressure. At the time of this writing, Bitcoin is trading at $67,776 with a market cap of $1.335 trillion.

Whale accumulation in Bitcoin (BTC) is on the rise

Data from CryptoQuant shows a significant increase in Bitcoin accumulation by whales, which are large investors with significant amounts of the cryptocurrency. Prominent analyst Lark Davis noted this unprecedented buying activity, pointing to a potential supply shock on the horizon due to Bitcoin’s limited availability. CrediBULL Crypto, a well-known crypto analyst, expresses his confidence in the long-term prospects of Bitcoin. He believes current long positions indicate the potential for further price gains in the future, possibly exceeding $100,000.

XRP’s whale activity attracted attention

XRP, a major cryptocurrency, continues to stir speculation in the crypto market. Despite analysts’ predictions of a potential rise to $1, the price of XRP is experiencing significant fluctuations. While famous analysts predict that the price of XRP will exceed the $1 barrier, a prominent XRP whale is transferring a large amount of coins to the exchange. This sparked debate about the future trajectory of the XRP price.

Meme coin craze: made 187x

On the other hand, the volatility inherent in the crypto market occasionally produces fascinating stories. Onchain data reveals a crypto wallet that turned $16,400 into a staggering $3.07 million in just 11 days. This windfall came by capitalizing on the memecoin trend, specifically the MAGA token inspired by Donald Trump’s campaign slogan “Make America Great Again.” The investor purchased MAGA tokens shortly after launch and benefited from a significant 187x price increase.

2 Meme Coin Cüzdanlara Girdi: Dakikalar İçerisinde Zenginlik!

Whale accumulates ETH and PEPE

Data from crypto analysis firm Lookonchain shows that a major crypto whale has accumulated significant amounts of Ethereum and PEPE. This whale reportedly withdrew $7.95 million worth of Ethereum and $2.06 million worth of PEPE from Kraken, one of the leading crypto exchanges in the United States. Further analysis reveals that the whale purchased a total of $18 million worth of Ethereum at an average price of $3,828 over the past two days. The price of Ethereum recently climbed to $3,916, approaching $4,000.

The whale appears to have accumulated PEPE since March 16, investing a total of $8.03 million at an average price of $0.00001. This investment generated an impressive profit of over $3.17 million due to the recent increase in the price of PEPE. The increase in PEPE’s price coincides with the Ethereum price increase; Many meme tokens in the Ethereum ecosystem have benefited from the optimism surrounding the potential approval of Ethereum Spot ETFs.

Etherum (ETH) Yükselişi Durdu mu? DeFiance ve QCP Analistleri Açıklıyor!

Wrapped Bitcoin and ETH moves brought profit to smart whales

Lookonchain also shared details of four talented swing traders who collectively made around $6.38 million in profits via Ethereum and Wrapped Bitcoin (WBTC) trading in 2024:

  • 0x4198: This trader bought 2,489 ETH at $2,410 and sold 2,515 ETH at $2,831, making a profit of $1.12 million. They additionally invested in WBTC and bought 104 units at $43,426 and sold them at $47,100, making another profit of $380,000.
  • 0x761c: This trader’s strategy involved buying 542 ETH at $3,284 and selling 540 ETH at $3,857, resulting in a profit of $303,000. They also invested in WBTC, purchasing 104 units at $43,282 and selling them at $46,245, making an additional profit of $307,000.
  • 0xac4c: This trader’s strategy involved buying 2,029 ETH at $2,755 and selling 1,325 ETH at $3,061, making a profit of $1.16 million. They also invested in WBTC, purchasing 172 units at $43,708 and selling them at $47,455, making an additional profit of $643,000.
  • 0xdc1C: This trader’s strategy involved buying 6,071 ETH at $2,512 and selling 5,605 ETH at $2,825, resulting in a profit of $2.47 million. They also invested in WBTC, buying 1,525 units at $43,708 and selling them at $47,455, making a profit of $643,000.

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Whales Are Trading Bitcoin, XRP and Those 3 Altcoins! A Trader Made 187x!