The critical process in the cryptocurrency sector continues. The unpredictable movements of the leading cryptocurrency Bitcoin (BTC) have led to a renewed increase in investor interest in the sector. In the process, it seems to have reactivated in the whales.
Although the failure of Bitcoin to exceed the 30 thousand dollar level ensures that the FOMO in the market dissipates in a very short time, the whales are still continuing their altcoin purchases.
According to the information shared by Look On-Chain, a successful data provider, Ethereum whales have recently started buying an altcoin called COMP from Binance. In the past period, some whales were making loaded COMP purchases.
Look On-Chain shared the following information about COMP purchases of whales:
WHALES ARE BUYING COMP:
"WHALE "0X3FB7" SPENT A TOTAL OF $ 1.24 MILLION TO PURCHASE 18,686 UNITS OF COMP IN THE LAST 2 HOURS AT AN AVERAGE PRICE OF $ 66.13.”
"WHALE "0X5DE6" SPENT 953K USDC TO BUY 14,885 COMP UNITS AT AN AVERAGE PRICE OF $ 64.01 8 HOURS AGO.”
The altcoin called Compound (COMP) is trading at $63.96 at the time of writing of our news. As of now, it seems that these 2 whales have also suffered losses from recent COMP investments.
Will the
#COMP be able to experience the increases that the whales want in the coming period? it's a matter of curiosity..
#ETH #Binance