In a recent observation by on-chain analyst Lookonchain, a few prominent traders have been making waves in the cryptocurrency market. These high-net-worth individuals are known for their significant influence on market trends, and their recent activities have caught the attention of many in the crypto community.
Three distinct traders have been identified, each using fresh wallets to make their purchases. Their primary focus has been on two cryptocurrencies: $UNIBOT and $BITCOIN.
The combined expenditure of these traders amounts to a staggering 696 $ETH, equivalent to $1.3M, to acquire 6,528 $UNIBOT at an average price of $195. Additionally, they’ve invested 632 $ETH, which translates to $1.16M, to buy a whopping 8.43M $BITCOIN at an average rate of $0.1376.
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Show more +Breaking down the activities of these whales:
- One trader, operating under the wallet address 0xc3552, has been particularly active. This entity invested 274 $ETH, or $505K, to purchase 2,766 $UNIBOT at $183 each. Furthermore, they spent an equivalent amount of 273 $ETH, or $504K, to buy 4.3M $BITCOIN at a rate of $0.117.
- Another trader, with the wallet address 0x2264, has also shown significant interest in these cryptocurrencies. They’ve spent 278 $ETH, approximately $510K, to buy 2,532 $UNIBOT at $201 each. Additionally, they’ve invested 221 $ETH, or $405K, to acquire 2.64M $BITCOIN at $0.1533.
- The third trader, operating from the wallet address 0xE4f7, has recently received a substantial amount of 814.8 $ETH, equivalent to $1.5M. They’ve already spent 144 $ETH, or $260K, to buy 1,230 $UNIBOT at $212 each. Moreover, they’ve invested 137 $ETH, which is about $251K, to purchase 1.48M $BITCOIN at $0.1694.
As of now, there’s a balance of 534 $ETH, approximately $980K, in the wallets, and the buying spree seems to be ongoing.
These activities have sparked discussions among various sections of the crypto community. While some believe this could be a bullish sign for the mentioned cryptocurrencies, others remain cautious, speculating on the potential motives behind these massive purchases.
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