Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Whale Spends $6.7M on $BEAM Amid Aggressive Crypto Accumulation

Whale Spends $6.7M on $BEAM Amid Aggressive Crypto Accumulation

CryptoNewsNetCryptoNewsNet2024/12/15 10:22
By:blockchainreporter.net

In the past couple of days, a prominent crypto whale has gained significant attention in the crypto market by buying $BEAM tokens in a huge amount. As per SpotOnChain, the crypto whale has purchased 189.55M $BEAM tokens by spending 1,458 $WSTETH (equaling $6.7M), indicating an aggressive accumulation spree.

$BEAM is what this big whale bought next!

In the past 29 hours, the whale spent 1,458 $WSTETH ($6.7M) to buy 189.55M $BEAM at an average price of $0.03515.

Overall, since December 1, the whale has spent $35.7M worth of $ETH to buy 4 tokens, including:

• 10.245M $FTM (cost:… https://t.co/kTVgQqPi4D pic.twitter.com/VEjrmkA52w

— Spot On Chain (@spotonchain) December 14, 2024

Whale Buys $BEAM, $FTM, $PEPE, and $AERO

Spot On Chain disclosed that the whale’s buyout of 189.55M $BEAM coins at an average cost of $0.03515 denotes a strategic buying move. This activity also signifies a resilient conviction in 4 tokens, including $FTM, $PEPE, $AERO, and $BEAM. In line with the data, the whale purchased 10.245M $FTM tokens at a price of nearly $13.5M. This figure shows an unrealized loss of $181K.

In addition to this, the buying activity also included 531.7B $PEPE coins at up to $11.04M, showing an unrealized profit of $1.94M. Apart from that, the purchase of 2.453M $AERO tokens for $4.43M highlights a $699K unrealized gain.

The buyout of 2.453M $BEAM at approximately $6.7M reveals an unrealized profit of $91.4K. Specifically, the $BEAM investment seems to be the newest in the buying activity. It has reportedly contributed to the whale’s massive accumulation of altcoins with high potential.

Whale $BEAM Inflows Boost Recovery

As per the data share by SpotOnChain, mentions total unrealized gains of the whale have now reached $91.393K, accounting for a 1.372% spike on $BEAM buyouts. $BEAM witnessed a sheer dip after which a steady recovery occurred following the whale’s inflows. This massive purchase of the altcoins has caught the attention of crypto investors and traders.

The respective whale activity brings to the front increasing investor confidence in $BEAM, $PEPE, and other such altcoins. This underscores a likely bullish momentum for the above-mentioned altcoins. Spot On Chain’s data also points out that such large-scale investors can impact price trends.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!