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Highlights
- Crypto whale's decision to heavily acquire the BRETT coin has sparked optimism over future price movements.
- The crypto whale withdrew ETH from Coinbase and spent it to buy BRETT.
- BRETT price is already up over 15%, solidifying market optimism over future potential.
Meme-themed BRETT coin has emerged as the talk of the crypto town as 2025 kicks off, primarily as it experiences massive price gains in light of heightened buying. On-chain data on Thursday indicated that a crypto whale accumulated nearly 14 million tokens, sparking market optimism surrounding the meme cryptocurrency’s future price trajectory. Particularly, the accumulation by a trader amid speculations of a bull cycle continuation in 2025 has ignited significant market discussions as the coin’s price is also up over 15% in the aftermath.
BRETT Coin Price Reflects Optimism Amid Massive Accumulation
According to the latest data revealed by Onchain Lens on X, a crypto whale was recorded accumulating nearly 14 million of the abovementioned meme tokens after withdrawing Ethereum from a top crypto exchange. As per the data, an unknown address withdrew 525 ETH, worth $1.74 million, from Coinbase to initially buy 10.82 million BRETT coins at an average price of $0.124.
Further, this whale again bought 3.16 million of the leading meme crypto, bringing his total whale holdings to 15.55 million BRETT. Overall, the massive buying as 2025 commences and the broader crypto market shows signs of recovery projected bullishness on BRETT coin price’s long-term prospects.
What’s Next?
At the time of reporting, BRETT coin price witnessed gains worth 16% intraday and is currently resting at $0.1343. Its 24-hour low and high were $0.1131 and $0.1369, respectively. The coin’s remarkable breakout after a 31% monthly dip has garnered significant attention amid the massive buying mentioned above. Moreover, even the asset’s intraday trading volume surged 36% to $55.34 million, underlining trader positivity for the token.
Market watchers are bullishly eyeing the token for further gains amid renewed market interest and a bullish price movement as 2025 commences. A recent BRETT price analysis by CoinGape also suggested that a potential ATH of $0.2358 looms this year, as flagged by the C&H pattern. Market participants eagerly eye the crypto for further gains in light of the abovementioned bullish statistics.
Also, Coinglass data spotlighted a 16% increase in BRETT futures OI to $62.86 million, sparking additional optimism. The derivatives volume soared 21% to $99.30 million, with the data collectively indicating increased market interest in the asset. Altogether, the meme coin could witness significant gains amid the recent market recovery, with a bullish path lying ahead.
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