Ethereum Whale Acquires ONDO, AXL, and RBN for the First Time

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.

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.

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.

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.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

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.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.