![](https://captainaltcoin.com/wp-content/uploads/2024/02/P2P-Review-21.png)
As per a detailed report by on-chain analytics provider Spotonchain, an anonymous Ethereum whale has made their first-ever acquisitions of two altcoins over the past 8 hours – snapping up over $1.15 million worth of ONDO tokens and $330,000 in AXL amidst substantial short-term price rises.
The whale, identified only by their wallet address 0xd6a75b427b73a7afa65cade2445185b44fb7be98, spent a staggering 1.60 million USDT in combination with 40 ETH (valued at roughly $172,000 at current prices), bringing their total outlay to approximately $1.72 million for this series of transactions.
What you'll learn 👉
First-Time Picks: ONDO and AXL in Focus
Significantly, this represents the first occasion that the Whale has purchased either ONDO or AXL tokens for their portfolio, potentially signaling meaningful long-term conviction in the two cryptocurrencies.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-865-1024x626.png)
In detail, the whale obtained over 2.59 million ONDO tokens at an average price of $0.444 each, along with 223,350 AXL at $1.477 per token on average. Additionally, they snapped up 503,043 RBN coins at around $0.477 a piece – adding to the nearly 584,000 RBN they acquired only 3 days prior by swapping 100 ETH at the time.
![](https://captainaltcoin.com/wp-content/uploads/2024/02/image-866.png)
Hence, when combined with their previous purchase earlier in the week, the whale now holds more than 1.08 million RBN overall, worth approximately $518,000 at today’s prices. At the time of the report, ONDO and AXL prices ballooned by 21.1% and 17.3% respectively, contrastingly RBN declined nearly 3% over the same timeframe.
Current Price Action
According to the latest pricing data from CoinMarketCap, ONDO currently trades at $0.444834, up over 40% in the last 24 hours alone, while AXL sits at $1.53 after a more than 19% single-day rally. RBN changed hands at $0.492145 as of this writing, down by over 5% thus far today.
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Show more +While the motivations behind this series of large, first-time purchases remain unclear, the break from typical trading patterns for Whale 0xd6a has certainly caught the attention of many cryptocurrency analysts.
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