Crypto News

Frontier Token ($FRONT) Hits New High Amid Whale Activity

The value of Frontier token ($FRONT) has surged to its highest point in over a year, experiencing a remarkable 200% increase in the past seven days.

According to on-chain data from spotonchain, Whale address 0xc29 recently made a significant deposit of 1.22 million $FRONT tokens, amounting to $3.03 million, onto Binance. This deposit was made at a price of $2.468 per token and was sent to Binance deposit address 0x61c, reportedly associated with DWF Labs.

Interestingly, these $FRONT tokens were initially withdrawn from both Binance and KuCoin at an average price of $0.509 between January 12 and March 1, 2024. If the whale were to sell these tokens now, they could potentially realize a profit of $2.4 million, marking a staggering 385% increase in value over a period of just over two months.

DWF Labs $FRONT Deposit Into Binance

It’s worth noting that DWF Labs also made a significant deposit of 799,979 $FRONT tokens to Binance through the same deposit address on March 9, 2024, approximately eight days ago. This move suggests that DWF Labs may have closed their $FRONT trade at an estimated profit of $402,000, representing a notable 175% increase.

Despite these whale activities and the recent surge in value, $FRONT experienced a slight decline of 3% at the time of writing.

The surge in $FRONT’s value coupled with whale activity highlights the increased interest and trading activity surrounding the token. Investors and traders will closely monitor these developments to assess the potential impact on $FRONT’s price trajectory in the near future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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