3 Fresh Cryptocurrency Whales Born Ahead of Possible Bitcoin Spot ETF Approval: They Bought 4 Different Altcoins
According to the information shared by the analysts of the cryptocurrency analysis company Lookonchain, newly created whale wallets made interesting purchases today.
In transactions that are notable for their timing, with one day before the possible approval of Bitcoin Spot ETFs, whales accumulated Shiba Inu (SHIB), Maker (MKR), Render (RNDR) and Big Time (BIGTIME), according to the data.
Lookonchain reported that the whale with short address 0xF633 made a massive memecoin purchase of 1.44 trillion SHIB ($13.36 million), in addition to purchasing 3 million BIGTIME ($1.2 million).
Additionally, the whale with short address 0xAdf5 recently raised 1.07 MKR ($1.9 million) on Binance, according to analysts.
Another fresh whale was identified by Lookonchain with the short address 0xAdf5. According to the data, this whale accumulated 650,527 RNDR ($2.48 million) on Binance.
Despite the whale’s purchase, the BIGTIME altcoin price experienced a significant decline today, losing more than 17% in the last 24 hours. The altcoin, which is listed on Coinbase but not on Binance, has a market value of $81 million at the time of writing.
In the last 24 hours, SHIB price increased by 3.41% and MKR price increased by 2.70%. RNDR, on the other hand, lost more than 5% and was in the red zone.
*This is not investment advice.
