Altcoin Whale Regrets 60 Percent Rise, Bought High
An altcoin whale regretted the developments in the artificial intelligence sector and started buying again.
Artificial Superintelligence Alliance's token FET has gained more than 60 percent in value in the last seven days, according to CoinGecko data. FET, which has a market value of $ 3.3 billion, rose to $ 1.38.
Altcoin whale sold and regretted it
According to reports by blockchain analysis platform Lookonchain, a whale sold just before the FET price started to rise.
It was reported that the whale sold 2.33 million FET for a total of 2.385 million USDT between August 11-23, at $ 1.02 per unit. However, the whale regretted this decision as the price rose.
According to Lookonchain, the altcoin whale spent 2.385 million USDT to buy 1.79 million FET from Binance last night. However, the whale, who sold them for $ 1.02, paid $ 1.33 per unit when buying them back.
Artificial intelligence tokens gain strength
The FET token entered the market last month when the SingularityNET, Fetch.ai and Ocean Protocol teams merged their tokens. These artificial intelligence projects gained strength ahead of this week's critical announcement.
Technology giant Nvidia will announce its second-quarter balance sheet on Wednesday, August 28. Experts expect this to be one of the most important announcements in the technology sector.
Important Note: Friends, Binance has launched a reward event worth 50,000$ . You can now benefit from the reward by clicking on the Artificial Intelligence AI account and scoring it from the "Vote" option.
The event ends on August 29. You can benefit from 50,000$ worth of rewards by voting every day until August 29.
