Whales Made Their New Move After Trump's Victory! They Purchased Huge Amounts of Bitcoin (BTC) and Altcoins!
Release: 2024/11/06 19:24 Reading: 521
Bitcoin and Altcoin Purchases Surge Amidst Trump's Victory
Following Donald Trump's presidential election victory, investors have demonstrated an increased appetite for high-risk assets, including Bitcoin (BTC).
The resulting surge in purchases has been driven by "whales," individuals or entities that invest large sums in cryptocurrencies. Recent hours have witnessed whales acquiring substantial amounts of BTC and altcoins like PEPE.
According to Lookonchain's analysis, 11 new wallets withdrew 1,807 BTC ($132 million) from the Binance exchange within an hour.
"Whales are accumulating BTC!" Lookonchain's post stated.
In addition to these significant purchases, another whale obtained a $27 million loan through AAVE and utilized it to acquire 366 WBTC at an average price of $13,708.
Whales have also been accumulating PEPE alongside Bitcoin. Data indicates that three whales withdrew 835.6 billion PEPE ($7.94 million) from Binance and Gateio.
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