Ethereum Whale Nets Incredible Gains from $19M $AERO, $PEPE and $FTM Purchases
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- Crypto Whale Spends $19M in 6 Days, Buys $PEPE, $FTM, $AERO
- Whale nets $1475K gains from $PEPE, $FTM and $AERO purchase
- Whale Holds $19.27M in $WSTETH, Signals More Market Moves
A crypto whale spent $19M on $PEPE, $FTM, and $AERO within six days. $AERO led the gains with a 38% surge, yielding $830K in profit. Meanwhile, Ethereum approaches $4,000, driven by increased whale accumulation.
Crypto Whale Spends $19M in 6 Days on $PEPE, $FTM, $AERO
Over the past six days, a cryptocurrency whale has purchased $PEPE, $FTM and $AERO tokens worth $19M. This huge amount of investment includes the purchase of 531.7 billion $PEPE, 4.55 million $FTM and 1.37 million $AER. This shows a rather diversified approach to the market.
A big whale spent 420 $WSTETH ($2M) to buy 1.47M $FTM in a single transaction 2 hours ago!
Notably, over the past 6 days, this whale has spent a total of $19M worth of $ETH to buy:
• 531.7B $PEPE ($11.04M), now up $292K (+2.6%)
• 4.55M $FTM ($5.83M), now up $353K (+6%)
•… pic.twitter.com/P8OIE2ZLMx
— Spot On Chain (@spotonchain) December 7, 2024The whale’s activity reflects calculated moves, with unrealized profits already evident across the portfolio. The whale retained $19.27 million worth of $WSTETH which shows that the whale is ready to leverage further market opportunities, potentially influencing token prices and market sentiment.
Whale Sees $830K Profit on $AERO, Outperforming $PEPE and $FTM
The whale now holds $2.14 million worth of $AERO, which has yielded $830K profit at a 38% increase in value. This makes $AERO the highest revenue generating token for the whale surpassing $PEPE and $FTM in the portfolio.
Moreover, $PEPE generated $292K at 2.6% increase while $FTM gained $353K in profits at a 6% increase in value. This brings the total profits yielded by the two tokens to over $ 645,500. These results highlight the flexibility of the whale to take advantage of both the new tokens while reinforcing the established tokens.
Ethereum Price Nears $4,000, Boosted by Growing Whale Activity
Ethereum is close to the $4000 mark due to the consistent whale accumulation and a bullish market sentiment. The 7-day Market Value to Realized Value (MVRV) ratio of 6.1% signals growing optimism among short-term holders.
Whale wallets holding over 1,000 ETH have reached their highest level since October 2024, indicating strong confidence in Ethereum’s bullish momentum. Analysts predict Ethereum’s price could surpass$4,200 soon as long it does not go through major pullbacks.
