NewsletterEthereum Whale Dumps $2M In ETH To Buy These 3 Tokens
Highlights
- Ethereum whale dumps $2M worth of ETH amid a sluggish week for the coin.
- The whale branched its investments into 3 other tokens which are currently outperforming Ethereum.
- The three crypto are: AERO, AIXBT, and VIRTUAL.
An Ethereum whale has captured the attention of the crypto market this Friday as it made notable changes in its crypto portfolio. On-chain whale statistics have revealed that a large-scale investor dumped $2 million worth of ETH, thereby diversifying investment into 3 other tokens.
These 3 tokens, namely, AERO, AIXBT, and VIRTUAL, are now on traders’ watchlists amid increased buying and rising price trajectories.
Ethereum Whale Shifts Focus To AERO, AIXBT, VIRTUAL
Onchain Lens’ X post on May 2 revealed that an Ethereum whale dumped 1,185 ETH, worth $2.11 million, in exchange for USDC. This investor has then moved on to purchase 2.92 million AERO, 3.34 million AIXBT, and 6,800 VIRTUAL with the recently swapped USDC.
Subsequently, data indicated that this whale again swapped 2.44 million AERO for 996,566 VIRTUAL tokens. It now holds 1,003,366 VIRTUAL, echoing a market buzz as the crypto is currently on a massive price rally.
Interestingly, broader market sentiments about VIRTUAL have taken a paradigm bullish shift. VIRTUAL price is trading now at $1.64 as of reporting, surging by a staggering 100% over the week. The coin has further extended its intraday gains to over 2% in tandem with the Ethereum whale’s shift in position.
Ethereum’s Struggles Continue
ETH price, however, has managed to gain only 3% over the week, remaining undermined by the recent market trends. The second-largest crypto by market cap has exchanged hands at $1,825 at the time of reporting.
Conversely, even AIXBT price overtook ETH price in terms of weekly gains, surging 57% to $0.1938. The coin witnessed a 13% intraday pump, in sync with the massive accumulation by the ETH whale. Lastly, Aerodrome Finance (AERO) price also overshadowed Ethereum’s weekly gains, up 16% to $0.6658. These broader rising price actions have kindled further optimism for the three tokens.
Crypto market participants are now left anticipating if these three coins could gain further in light of the increased buying and a broader bullish outlook market-wide. On the other hand, Ethereum whale dumps continue to be on the rise, as per a CoinGape report, presenting as another concerning factor for the token.
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