A crypto whale’s large investments in cryptocurrencies such as Pepe Coin (PEPE), Aerodrome Finance (AERO) and Fantom (FTM) attracted attention in the market. Balina attracted the attention of investors by purchasing these coins for a total value of approximately 21 million dollars. This move, combined with the upward trend of the fourth quarter markets in general, increased the expectation that these currencies would gain value in the future.
Whale’s Investment Strategy
According to the latest data provided by Spot on Chain, the crypto whale purchased 1.47 million FTM worth approximately $2 million in a single transaction. This transaction shows that the whale is not limited to a single trade and is investing in other tokens as well.
According to the data, the whale also accumulated other tokens, spending approximately $19 million in the last few days. In particular, the purchase of 531.7 billion PEPE was worth 11.04 million dollars, resulting in a profit of 292 thousand dollars from this investment. Additionally, while making an investment of $5.83 million by purchasing 4.55 million FTMs, he made a profit of $353 thousand from this position.
Market Reaction and Price Movements
The price of FTM rose 1.5% to $1,350 on major buying pressure. During the same period, the price of PEPE decreased by 3.5% to $0.00002129. However, PEPE’s monthly chart shows an increase of over 50%, contrary to this decline. AERO, on the other hand, reached $2,201 with an increase of 17%.
An analysis by CoinGape predicts that the price of PEPE may double in the coming period and make a massive outflow of 80-100%. This positive forecast is supported by the market’s increasing interest as the year-end approaches. Additionally, Binance’s launch of AEROUSDT futures has further increased market optimism about the token’s future.
These large purchases by the whale reinforce the belief among investors that these currencies will gain value in the future. The fact that the whale does not sell its assets continues to have a positive impact on the market.
General Evaluation
Large investments and market dynamics show that cryptocurrencies such as PEPE, AERO and FTM will attract attention in the coming period. While investors focus on the potential gains of these currencies, the overall optimism of the market continues to increase. These developments may offer significant opportunities for investors expecting activity in the crypto markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
