Ethereum

<p>LookOnChain <a href="https://x.com/lookonchain/status/1722455651199431115?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> that a whale holding over 10,000 ETH (worth around $19.4 million) made two large purchases of altcoins ARB and PEPE.</p>
<p>The whale spent 1,433 ETH (around $2.6 million) to acquire 2.51 million ARB tokens at $1.045 each. They also spent 1,038 ETH (around $1.9 million) to buy 1.65 trillion PEPE tokens at $0.000001154 per token.</p>
<p>At the time of writing, the whale is currently up around 7% on their ARB position and 8% on their PEPE position. ARB is trading around $1.11, while PEPE is trading around $0.0000034.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="382" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-1024x382.png" alt="" class="wp-image-373152" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-1024x382.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-300x112.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-766x286.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-1536x573.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-2048x764.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-402x150.png 402w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-938x350.png 938w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171-788x294.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-171.png 1570w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>When whales or other large investors put significant capital into smaller cap coins like ARB and PEPE, it often signals growing sentiment and potential uptrends in the prices of those assets. The large purchases show that high net worth cryptocurrency holders have confidence in the projects, and are willing to take substantial positions in them.</p>
<p>Their trading strategies rely on driving up prices after accumulating large amounts of tokens. As prices increase, it validates their investment thesis, allowing them to sell portions of their holdings at a profit. This dynamic can lead to self-fulfilling prophecies, at least for temporary price spikes.</p>
<p>Of course, traders should always do their own research before investing based on whale activity alone. But large purchases by seasoned whales can be a useful data point to incorporate into analysis of momentum and market psychology for cryptocurrencies. The whale’s willingness to place multi-million dollar bets on ARB and PEPE hints at potential growth ahead, if community sentiment aligns.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/trader-just-spent-4500000-ethereum-to-buy-these-2-altcoins/" rel="noopener noreferrer nofollow">Trader Just Spent $4,500,000 Ethereum to Buy These 2 Altcoins</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Trader Just Spent $4,500,000 Ethereum to Buy These 2 Altcoins

目录

CaptainAltcoin

发布于 2023年11月9日的其他文章

Bitcoin Fees Skyrocket Following Ordinals Recent Surge

SAG-AFTRA Approves Deal to End Actors Strike, Secures AI Protections and Historic Pay Increase

Zircuit, New ZK Rollup Backed by Pioneering L2 Research Launches Public Testnet

Toncoin Price Prediction: Will TON Price Reach $3 By December?

US lawmakers propose a ban on Chinese blockchain transactions!

Eden Upgrade (v0.50) Boosts Cosmos SDK Chain Performance

订阅我们免费的电子期刊，获取每日最新加密领域动态！