Crypto Trader Bags $59M in PEPE, SHIB, ETH, & 5 Others Hinting Gains Inbound
Release: 2024/07/03 22:53 Reading: 541
Crypto Trader Accumulates $59M in Altcoins, Signaling Potential Gains
Recent on-chain data has sparked optimism for certain altcoin prices. Amidst a broader market downturn, a crypto trader has executed a potential buy-the-dip strategy, accumulating $59 million worth of eight different coins:
Trader's Token Holdings
According to EmberCN, an on-chain transaction tracker, the trader with address 0x4fdFE has made significant purchases.
Ethereum (ETH)
The trader acquired 9,425 ETH, valued at $30.92 million. ETH's price, currently at $3,306, has declined 4.10% in the past day. However, the trader's accumulation suggests a belief in potential gains, especially with the anticipated launch of an ETH ETF.
Pepe Coin (PEPE)
The trader also purchased 957.7 billion PEPE, worth $9.82 million. PEPE's price has fallen 7.45% since yesterday, standing at $0.00001043. Despite the price drop, the trader's accumulation indicates possible price movements in the future.
Shiba Inu (SHIB)
Amidst a price decline, the trader acquired 583.7 billion SHIB, valued at $9.63 million. SHIB's price currently rests at $0.00001658, a 3.15% decrease from the previous day.
Render (RDNR)
The trader also purchased 438,700 RNDR, amounting to $3.13 million. RNDR's price has retraced 4.59% to $7.29, but the trader's accumulation suggests potential upside.
Polygon (MATIC)
5.187 million MATIC, valued at $2.81 million, was accumulated by the trader. MATIC's price has dipped 3.83% to $0.5455.
Chainlink (LINK)
104,100 LINK, worth $1.47 million, was also acquired by the trader. LINK's price has declined 0.19% today.
Avalanche (AVAX)
The address accumulated 39.1K AVAX, valued at $1.08 million. AVAX's price has dropped 3.86% today, trading at $27.07.
The Graph (GRT)
Lastly, the address purchased 2.762 million GRT, worth $0.55 million. GRT's price has declined 3.72% over the past day, trading at $0.2024.
The trader's significant accumulation of these altcoins hints at potential gains in the future.
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