Spot On Chain has highlighted a pre-pump buying wallet that has been accumulating Frontier (FRONT) tokens over the past two weeks. The wallet, identified as 0x65c, has withdrawn a total of 8.94 million FRONT tokens from various exchanges, including Binance, Gateio, OKX, and KuCoin, at an average price of approximately $0.955. The estimated cost of this accumulation is around $8.53 million.
Interestingly, after the FRONT price rebounded by an impressive 121% over the past 4 days, the wallet is now sitting on an unrealized profit of $6.75 million, representing a 79% gain. It is worth noting that the wallet has spread its FRONT holdings across 10 newly created wallets, possibly to diversify risk or to avoid drawing attention to a single large holding.
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Show more +FRONT pumps 31.56% in 24 Hours
Over the past 24 hours, Frontier (FRONT) has experienced a price increase of 31.56%, currently trading at $1.71. The token has traded between a low of $1.29 and a high of $1.86 during this period, showcasing the volatility and bullish momentum in the market.
The recent price surge can be attributed to various factors, including the accumulation by the pre-pump buying wallet, as well as market sentiment surrounding the Frontier project.
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The recent accumulation of 8.94 million FRONT tokens by wallet 0x65c, coupled with the 121% price increase over the past 4 days, has brought attention to the Frontier project. The wallet’s strategy of spreading its holdings across multiple new wallets and the significant unrealized profit it has generated have further fueled interest in FRONT.
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