Intense Whale Interest in Altcoin Listed on Binance: He Used the Fall as an Opportunity!

The cryptocurrency whale purchased a large amount of altcoins during the recent declines.

According to data transmitted by the on-chain analysis platform Lookonchain, a cryptocurrency whale used the declines in the late hours of July 24 as a buying opportunity.

According to the data, this whale purchased 7.57 million Frontier (FRONT) worth $6.4 million from the cryptocurrency exchange Binance.

Based on the way and amount of the transaction, Lookonchain suggested that this whale wallet may belong to an institution.

In cryptocurrency markets, the movements of whales often play a major role in determining the direction of prices. However, such large purchases and sales may not always have the expected effect.

Inevitably affected by declines, FRONT managed to stress out its investors by ignoring the whale's purchases.

According to CoinGecko data, FRONT, which has lost 9% of its value in the last 24 hours, is traded at $0.8211 at the time of writing.