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.
The $FRONT price rose up to 41.5% (24H)!
Whale 0xc29 deposited 1.22M $FRONT ($3.03M) to #Binance 19hrs ago, allegedly realizing a $2.4M (+385%) profit after just 2 months.
Notably, the whale deposited $FRONT to CEX via Deposit address 0x61c, which likely belongs to DWF Labs.… pic.twitter.com/Zqdtkw13m1
— Spot On Chain (@spotonchain) March 18, 2024
Interestingly, these $FRONT tokens were initially withdrawn from both Binance and KuCoin at an average price of $0.509 between January 12 and March 1, 2024.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.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: musgraphicalabri/123RF // Image Effects by Colorcinch