As Bitcoin Races Toward a Record High, a Major Whale Makes a Significant Investment in This Altcoin

Amidst the huge rise in Bitcoin, the large purchases in altcoins should not be overlooked.

Aster ($ASTER), one of the most trending cryptocurrencies of recent times, has witnessed remarkable whale buying.

According to information obtained from onchain data, a cryptocurrency whale with the short address “0x245” spent $5 million to purchase 2.74 million $ASTER tokens. The whale's average purchase price was $1.83. Instead of making all of its purchases at once, the whale spread its transactions over 24 hours.

According to the data, the whale investor currently holds 3.07 million $ASTER tokens, worth $5.95 million, in his cryptocurrency wallet. He also holds $1 million worth of USDT stablecoins on the decentralized cryptocurrency exchange Aster, which he may be holding for purchase.

The price of $ASTER has gained 7% in the last 24 hours and is trading at $1.90 at the time of writing. This means the whale wallet is already making a profit, even on paper.

Chart showing the change in $ASTER price in the last 24 hours.

*This is not investment advice.