Pepe Coin

Shiba Inu

Gains

<p>Recent on-chain data sparks optimism for certain altcoin prices as a crypto trader, amidst the broader market’s bearish turn today, executed a potential buy-the-dip strategy. Despite Bitcoin and most crypto prices declining, the trader managed to accumulate $59 million worth of eight different coins, including ETH, PEPE, SHIB, RNDR, MATIC, LINK, AVAX, and GRT, hinting at potential gains ahead.</p><p>Here’s an overview of these accumulations and the current price movements of the abovementioned coins.</p><h2 id="trader-bags-59m-a-look-into-token-holdings">Trader Bags $59M: A Look Into Token Holdings</h2><p>According to the data revealed by EmberCN, an on-chain transaction tracker, the <a href="https://platform.arkhamintelligence.com/explorer/address/0x4fdFE365436b5273a42F135C6a6244A20404271E" rel="noopener noreferrer nofollow">crypto trader</a> with the address 0x4fdFE…was recorded as having been making the colossal purchases. Usual market sentiments convey a buy-the-dip strategy, as mentioned above.</p><h3 id="ethereum-eth">Ethereum (ETH)</h3><p>As per data by Arkham Intelligence, the abovementioned address bagged 9,425 ETH, worth $30.92 million, today. <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">ETH price</a> traded at $3,306, down 4.10% over the past day.</p><p>It’s worth noting that with odds tilting in favor of the launch of an <a href="https://coingape.com/spot-ethereum-etf-to-go-live-on-july-15-eth-bull-run/" rel="noopener noreferrer nofollow">ETH ETF ahead</a>, the trader’s Ethereum accumulation has gained significant traction.</p><h3 id="pepe-coin-pepe">Pepe Coin (PEPE)</h3><p>Simultaneously, on-chain data showed that the same trader accumulated 957.7 billion PEPE, worth $9.82 million, today. The crypto <a href="https://coingape.com/price/pepe-coin/" rel="noopener noreferrer nofollow">PEPE’s price</a> tanked 7.45% from yesterday to rest at $0.00001043.</p><p>The significant price drop in Pepe coin, as also seen by a 17% crash over the week, might have urged the trader to enter the PEPE market. Besides, this accumulation hints at bolstered price movements ahead.</p><h3 id="shiba-inu-shib">Shiba Inu (SHIB)</h3><p>The trader also accumulated 583.7 billion SHIB, worth $9.63 million, amid a SHIB price drop. <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu</a> traded at $0.00001658 today, a 3.15% fall over the past day.</p><h3 id="render-rdnr">Render (RDNR)</h3><p>Meanwhile, the address sacked 438,700 RNDR, worth $3.13 million, per the data. This accumulation occurred as the RNDR price saw a pullback of 4.59% to $7.29.</p><p>It is worth noting that the address currently holds $3.16 million worth of RNDR.</p><h3 id="polygon-matic">Polygon (MATIC)</h3><p>The same trader accumulated 5.187 million MATIC, worth $2.81M, today. MATIC price saw a 3.83% dip in value to $0.5455.</p><h3 id="chainlink-link">Chainlink (LINK)</h3><p>104,100 LINK, worth $1.47 million, was also accumulated by the same crypto trader. LINK price was down 0.19% today.</p><h3 id="avalanche-avax">Avalanche (AVAX)</h3><p>AVAX accumulation by the address totaled 39.1K coins, worth $1.08 million. AVAX was down 3.86% today and was trading at $27.07.</p><p>The crypto’s monthly charts show a 25% crash in price.</p><p><strong>Also Read: <a href="https://coingape.com/ethereum-bitcoin-xrp-lead-1-5b-crypto-scam-losses-whats-happening/" rel="noopener noreferrer nofollow">Ethereum, Bitcoin &amp; XRP Lead $1.5B Crypto Scam Losses, What’s Happening?</a></strong></p><h3 id="the-graph-grt">The Graph (GRT)</h3><p>Lastly, the address bought 2.762 million GRT, worth $0.55 million, capturing the market’s attention.</p><p>GRT price dipped 3.72% over the past day to trade&nbsp;at&nbsp;$0.2024.</p><p><strong>Also Read: <a href="https://coingape.com/xrp-lawsuit-lawyers-claim-ripple-case-sec-chevron-ruling/" rel="noopener noreferrer nofollow">Ripple XRP Case Update: Lawyers Claim Ripple Case Is In SEC Favor, Chevron Ruling Irrelevant</a></strong></p><p>The post <a href="https://coingape.com/crypto-trader-bags-59m-in-pepe-shib-eth-5-others-hinting-gains-inbound/" rel="noopener noreferrer nofollow">Crypto Trader Bags $59M In PEPE, SHIB, ETH, &amp; 5 Others Hinting Gains Inbound</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Crypto Trader Bags $59M In PEPE, SHIB, ETH, & 5 Others Hinting Gains Inbound

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