Will Crypto Whales Investing Millions In Altcoins Will Increase Altcoin Prices Coming?
A crypto whale recently spent nearly $25 million on altcoins in the Ethereum (ETH) ecosystem. The move comes after the US Securities and Exchange Commission (SEC) approved Ethereum spot ETF applications.
Using 26.67 million USDT, crypto whales purchased 8,733 ETH for $3,050 ahead of the ETF news, resulting in over 6 million USD in unrealized profits.
“Following SEC approval of form 19b-4 for ETH ETFs, whales purchased $24.7 million worth of Ethereum ecosystem tokens and had unrealized profits of $1.1 million,” Lookonchain said know.
This whale also deposited about $20 million on Binance, buying over $9.3 million of Lido (LDO), $6.7 million of Uniswap (UNI), $5.4 million of Aave (AAVE), and other Other altcoins.
This significant investment reflects the growing optimism and strategic positioning of major investors about the market going forward.
BTC is showing signs of a bullish cycle when it regains its old peak. The recent short-term decline and sideway are signs that the price will continue to increase, however this accumulation phase lasts at least 3 months.
# How are you doing? Can you wait until the day when bullrun increases your account xxxx times?
Please manage your portfolio well and wait for the day to board the train together.