Notably, a whale has decided to make a significant bet on $PEPE , AERO, and $FTM , drawing widespread attention in the market.
On Saturday, on-chain data showed that this whale spent approximately $21 million to make substantial purchases of the aforementioned tokens.
Therefore, within the broader bullish trend of the fourth quarter, market observers expect these tokens to rise further.
According to the latest data from Spot on Chain, a whale recently spent 420 WSTETH (worth $2 million) to purchase 1.47 million FTM. However, this was not the only transaction made by this trader.
According to the data, this whale spent nearly $19 million in the past few days purchasing other tokens. Notably, this whale bought 531.7 billion PEPE, valued at $11.04 million, making a profit of $292,000 from this transaction.
Additionally, this whale purchased 4.55 million FTM, valued at $5.83 million, making a profit of $353,000 from its FTM holdings.
Meanwhile, a few days ago, this whale acquired 1.37 million AERO, valued at $2.14 million, and the profit from this investment currently stands at $830,000.
These large-scale purchases have sparked investor optimism about the future trajectory of the tokens, highlighting increased market interest. Additionally, this whale's decision not to sell the assets it holds has reinforced bullish sentiment among investors.
As of the time of writing, FTM price has surged nearly 1.5%, reaching $1.3, with its intraday low and high prices at $1.263 and $1.369, respectively. The token soared under the immense purchasing pressure from the aforementioned whale.
However, Pepe's price has decreased approximately 3.5% during the intraday session, currently priced at $0.00002129.
This meme coin's 24-hour low and high prices are $0.00002044 and $0.00002225, respectively, with the monthly chart showing an increase of over 50%, indicating that further rises are imminent given the aforementioned buying activity.
AERO price surged nearly 17% during the intraday session, currently at $2.201. The token's 24-hour low and high prices were $1.870 and $2.253, respectively.
With massive purchases and a bullish outlook for the fourth quarter, cryptocurrency prices have soared. In turn, market participants continue to expect further price increases for the aforementioned tokens.
CoinGape's PEPE price analysis indicates that the token's price may double, with a significant breakout expected at 80-100%. This bullish prediction aligns with the heightened market interest towards the end of the year.
Another report shows that Binance has started launching AERO/USDT futures trading. This enhanced product has increased market optimism regarding the future trend of the token.
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