Major Crypto Whales Make Significant Purchases Amid Bitcoin Dip
While the impact of crypto market declines can vary among investors, two prominent whales have recently made large purchases, signaling a perceived buying opportunity.
Bitcoin Whale Repurchases BTC
According to blockchain analysis, a whale previously associated with a significant BTC sale in July has purchased 1,000 BTC (approximately $59.6 million) from Binance. This aligns with the whale's previous pattern of buying BTC during dips.
"Diamond Hand" Whale Adds More PEPE
Another whale, known for its long-term holding strategy (dubbed "diamond hands"), has repurchased PEPE. The whale had previously purchased PEPE in October 2023, held it until July 2024, and realized an impressive 886% profit. The recent purchase amounted to $1.34 million worth of PEPE.
Disclaimer: This information does not constitute investment advice.