A major crypto whale, identified through wallet addresses 0x655 and 0x732, has been making waves in the market with significant purchases.

In a single transaction, the whale spent 420.15 WSTETH ($1.99 million) to acquire 1.47 million FTM. This move is part of a larger $19 million spree over the past six days, targeting tokens like PEPE, FTM, and AERO.

Here’s a breakdown of the whale’s activity:  

1. PEPE: The whale swapped 1,951.6 WSTETH and 633.2 WETH (a combined $11.04 million) for 531.688 billion PEPE at an average price of $0.00002076. This position is now up $292,000 (+2.64%).

2. FTM: Using 1,267.5 WSTETH ($5.83 million), the whale purchased 4.547 million FTM at an average price of $1.282, resulting in a $307,000 (+5.27%) gain.

3. AERO: The whale spent 445.05 WSTETH ($2.14 million) to buy 1.369 million AERO at an average price of $1.564, yielding the most significant gain of $830,000 (+38%).

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, 2024

Currently, the whale retains 4,058 WSTETH, valued at $19.27 million, across the two wallets, hinting at more potential market moves.

This activity highlights the whale’s strategy of leveraging significant capital to acquire promising tokens, often securing immediate returns. With substantial funds still in reserve, the question arises: which token will this whale target next?

Such moves underline the impact of high-net-worth traders in shaping market dynamics. Traders and investors will be closely watching for the whale’s next transaction, as it could provide insights into emerging trends and tokens with significant growth potential.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

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Image Source: sirinapa/123RF // Image Effects by Colorcinch