A newly identified address, 0x4fd…4271E, has built a significant position of $77.87 million in altcoins and ETH within the past 24 hours.
The top three tokens held by this address include $ETH worth $31.17 million, $PEPE valued at $9.9 million, and $SHIB worth $9.69 million. On-chain data suggests that this operation was well-planned, as the whale began testing small transfers to and from the exchange six days ago.
“这个和那个不要，其他全部买几百万美金”🤨
财大气粗的新地址 0x4fd…4271E 在过去 50 分钟内建仓了价值 7787 万美金的山寨币和 ETH！好久没见到如此酣畅淋漓的进货了
目前该地址持仓排名前三的代币分别为 $ETH (3117 万美金)， $PEPE (990 万美金)， $SHIB (969… pic.twitter.com/SdwwJ5Jhgi
— Ai 姨 (@ai_9684xtpa) July 3, 2024
In a series of substantial movements, the whale has now transferred out altcoins worth $3.42 million from Binance over the past few hours. The majority of these transfers involved $QNT and $VANRY, valued at $1.34 million and $1.47 million respectively.
新的一天，新的抄底！
昨天「疑似暴跌抄底价值 7745 万美金山寨的巨鲸」过去五分钟再次从 #Binance 转出价值 342 万美金的山寨币，其中 $QNT 和 $VANRY 占了大头，分别价值 134 万美金和 147 万美金
钱包地址 https://t.co/3P5Rq3CHSg https://t.co/mCIwS1XUJs pic.twitter.com/v3qzo7cMmY
— Ai 姨 (@ai_9684xtpa) July 4, 2024
Altcoins See Notable Price Declines As Whales Makes Strategic Movements
The impact of these transfers has been notable. Both $QNT and $VANRY have seen significant declines, with $QNT dropping by 8% and $VANRY by 12% today. These movements highlight the influence that large holders, or “whales,” can have on the market, especially when significant amounts are moved in a short period.
This strategic accumulation and subsequent transfer activity underscore the potential market implications of whale movements. The initial testing phase suggests a deliberate approach, indicating that the whale was carefully planning these transactions to minimize disruption and maximize the effectiveness of their strategy.
As the market watches these developments, the actions of this giant whale will continue to be closely monitored. The significant holdings in $ETH, $PEPE, and $SHIB, along with the substantial transfers of $QNT and $VANRY, suggest that further market fluctuations could occur based on this whale’s activity. Investors and traders will need to stay vigilant, as the influence of such large transactions can lead to rapid and unpredictable changes in the crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: thediver123/123RF // Image Effects by Colorcinch