en.bitcoinsistemi.com
Data provided by cryptocurrency analysis company Lookonchain shows that a cryptocurrency whale has recently accumulated in an altcoin.
When Onchain data is examined, it is seen that a giant cryptocurrency whale has withdrawn $ 7.95 million of Ethereum and $ 2.06 million of $PEPE from Kraken, the second largest cryptocurrency exchange in the USA.
When the other transactions of the whale in question are examined, it is seen that he has purchased a total of $ 18 million worth of Ethereum in the last two days and collected these ETHs at an average price of $ 3,828. At the time of writing this article, Ethereum price is trading at $ 3,916 with its last attack. The world's second largest altcoin climbed to $3,963 today and reached the $4,000 mark.
A look at the whale's $PEPE transactions shows that it has collected $ 8.03 million in tokens since March 16 at an average price of $ 0.00001. The whale's profit on $PEPE totaled an impressive $3.17 million.
The rise in $PEPE price and the rise in Ethereum price are actually quite related. With the approval of Ethereum Spot ETFs, almost all tokens in the $ETH ecosystem were caught in a bullish wave, which was felt more in memecoins.
*This is not investment advice.