Whale Has Been Collecting Altcoins For 1 Month Despite Loss Of 8 Million: It Brought A Rise In Price!

A well-known whale in the cryptocurrency market continues to collect the same altcoin every day, despite a loss of $ 8 million.

The well-known whale Mochi Big Brother seems to have now chosen another altcoin, as he previously invested in ApeCoin (APE), the native token of the Bored Ape Yacht Club (BAYC) NFT collection, every day.

According to a post by on-chain data and analytics account Lookonchain on June 8, Mochi Big Brother has been collecting FRIEND, the cryptocurrency of the social media platform Friend.tech, since May 3.

The whale in question has purchased 8.6 million FRIENDs so far at an average cost of $1.81. Whale used 4,975 Ethereum worth $15.6 million to make these purchases.

It is estimated that the whale, which is at a great loss at the current price, will reduce its cost by collecting it at a lower price.

According to CoinGecko data, FRIEND, which has increased by 17.2% in the last 24 hours, is traded at $0.92 at the time of writing.