Crypto Whales Make a Splash: $21.5 Million in Floating Profits

If you’re keeping tabs on the cryptocurrency market, you might have noticed some significant movements lately. A recent report from BlockBeats news sheds light on the activities of three crypto whales, who have collectively accumulated a whopping $21.573 million in floating profits. But what does this mean, and who are these mysterious whales?

Who Are These Crypto Whales?

In the cryptocurrency world, “whales” refer to individuals or entities that hold large amounts of a particular coin or token. These whales can significantly influence the market with their buying and selling activities. The three whales in question have been tracked by ai_9684xtpa, a monitoring system that keeps tabs on cryptocurrency transactions.

A Closer Look at the Whales’ Activities

Let’s dive into the details of each whale’s activities:

* Whale 1: The Big Spender * Holds 59.94 million swarms at a cost of $0.04036 * Current accumulated floating profit: $19.92 million * Still adding positions * Whale 2: The Early Investor * Invested $1.415 million when the market capitalization was $200 million * Holds 7.15 million swarms at an average price of $0.1979 * Floating profit: $1.27 million * Has not increased position or sold * Whale 3: The Relay Pull * Invested $1.5 million in the relay pull * Holds 4.968 million swarms at an average cost of $0.3019 * Current floating profit: $383,000

What Does This Mean for the Crypto Market?

The activities of these crypto whales can have a significant impact on the market. Their buying and selling activities can influence the price of the swarms token, and their profits can be an indicator of the market’s overall health.

Takeaway

The cryptocurrency market is known for its volatility, and the activities of crypto whales can be a significant factor in this volatility. As the market continues to evolve, it’s essential to keep an eye on the movements of these whales and understand their impact on the market.

What’s your take on the crypto market? Share your thoughts in the comments below!

Source: M.theblockbeats.info

The post Whales Make $21.5M in Swarms Profits: Tracking the Latest Moves appeared first on CoinBuzzFeed.