You can't go wrong by following smart money! Just when the market is still wavering, smart money has started buying again! What you think is the top, others are buying the bottom!
A smart money address spent 20 million USDC to buy 313.24 WBTC
According to the monitoring of on-chain analyst Ember, 7 hours ago, whales used 20 million USDC on the chain to buy 313.24 WBTC, with an average purchase price of $63,848.
This giant whale, who once made a profit of $20.8 million on ETH and LINK investments, borrowed 20 million USDC by depositing 15,001 ETH (about $44.13 million) into Aave as collateral; then used these 20 million USDC to buy 313.24 WBTC.
The whale's last operation was on May 3rd, when it used 2,000 ETH to buy 2.095 million OP (about $5.98 million) at an average price of $2.85.
Big players are frantically buying Bitcoin, so what should we do with less money? Of course, we should find potential coins whose prices have not yet started to rise! For example, $ALT is good. It is the native utility token of #ALT再质押生态 and can be used for collateral, governance, protocol incentives, protocol fees and other scenarios.
AltLayer (ALT) is a project dedicated to Ethereum expansion. Since its establishment at the end of 2021, it has helped more than 40 partners to customize and release exclusive application chains based on rollup technology, and assisted Xterio, SWELL, DODO and other projects to use advanced re-staking mode to release Restaked Rollup (also the earliest batch of AVS launched on the mainnet of EigenLayer).
ALT users can earn base rewards by staking ALT tokens in the main reward pool, and delegate ALT tokens to different Launchpools through re-staking to win future rewards from projects such as Xterio, SWELL, DODO, etc.
The AltLayer ecosystem is growing rapidly and currently includes some noteworthy partners: Arbitrum, Optimism, Polygon, EigenLayer, Celestia, Espresso, Hyperlane, Injective, Rabby.
ALT demand is driven by 3 main mechanisms:
Collateral: ALT tokens are used as collateral together with Restaked assets;
Incentives: Operators in the AltLayer ecosystem can receive ALT tokens as rewards for their services;
Transaction fees: Intra-network service fees are paid in ALT.
AltLayer was founded by Yaoqi Jia, former CTO of Zilliqa.In July 2022, AltLayer completed a $7.2 million seed round of financing, led by Polychain Capital, Jump Crypto and Breyer Capital, with participation from Polkadot founder Gavin Wood, former Coinbase CTO and former a16z partner Balaji Srinivasan, Circle co-founder Sean Neville, and Synthetix and Bodhi Ventures co-founders Kain Warwick and Jordan Momtazi.
In addition, AltLayer won the third prize of BNB Chain's European Innovation Incubator Project in 2022 and received investment from Binance Labs in August 2023.
