menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Whales Pou...
source image

TronWeekly

1M

read

242

img
dot

Image Credit: TronWeekly

Whales Pour $300M Into Altcoins in the First Week of June, Is a Major Price Shift Coming?

  • Whales have invested over $300M in various altcoins in the first week of June, particularly in Ethereum, FARTCOIN, and HYPE, signaling confidence among large investors amid market volatility.
  • The significant altcoin investments by whales have sparked speculation in the crypto space regarding the reasons behind their buys.
  • A whale made a notable purchase of 108,278 ETH worth $283 million in an OTC transaction, which could potentially indicate preparations for a future increase in Ethereum's price.
  • In addition to Ethereum, FARTCOIN and HYPE tokens also attracted whale investments, with millions being spent on these altcoins, raising questions about the motivation behind these moves.

Read Full Article

like

14 Likes

For uninterrupted reading, download the app