Massive Whale Accumulates DOGE Rival from Coinbase: An On-Chain Revelation 🐋
A significant investor has been observed accumulating a substantial amount of a cryptocurrency rivaling Dogecoin (DOGE) from a prominent US crypto exchange. The latest on-chain data provides a glimpse into this intriguing development.
Whale Acquires WIF Memecoins: A Closer Look 🐳
Digital asset tracker Lookonchain has detected a crypto whale’s activities. Here are the key details:
- A whale acquired nearly 228,000 dogwifhat (WIF) memecoins.
- The whale withdrew 1.83 million USDC from Coinbase to purchase WIF.
- The total spending so far amounts to 606,000 USDC.
- Current WIF price is $2.83, reflecting a 10.7% increase in the last 24 hours.
Profitable GME Trading: Insights into Another Whale’s Moves 🐋
Lookonchain has also flagged another crypto whale’s profitable trading activities. Here’s what went down:
- The trader spent 3,059 SOL ($526,000) to purchase 78.57 million GME memecoins.
- Previous purchases included 1,409 SOL ($165,000) for 68 million GME.
- The trader sold 35 million GME for 3,447 SOL ($503,000) after a three-month holding period.
- Current GME holdings stand at 111.57 million, with a total profit of approximately $593,000.
GME Price Movement: A Snapshot 📉
At the time of writing, GME is trading at $0.00575, signaling an 18% decline over the last 24 hours.
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Generated Image: DALLE3
Hot Take: Closing Thoughts on Crypto Whale Activities 🌟
A glimpse into a crypto whale’s significant accumulation of a Dogecoin rival sheds light on intriguing market dynamics. The profitable trading maneuvers in GME memecoins also highlight the potential for lucrative returns in the crypto space. Observing these whale activities can offer valuable insights for other market participants looking to navigate the crypto landscape.
Sources: Lookonchain, Lookonchain
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