In a riveting turn of events, a crypto whale’s decision to bet heavily on Pepe Coin (PEPE), Aerodrome Finance (AERO), and Fantom (FTM) has caught noteworthy market attention. On Saturday, on-chain data signaled that the whale spent roughly $21 million to heavily accumulate the abovementioned coins. As a result, crypto market watchers expect further gains in these coins amid a broader bullish Q4 landscape.

Crypto Whale Heavily Bags Pepe Coin, AERO, & FTM Igniting Optimism

According to the latest data by Spot on Chain, a crypto whale recently spent 420 WSTETH, worth $2 million, to buy 1.47M FTM in a single transaction. However, this was not the only trade placed by this trader.

Per the data, the whale spent nearly $19 million to make other token accumulations over the past few days. Notably, the whale bought 531.7 billion PEPE, worth $11.04 million, boasting a $292K profit on this holding. Further, the same whale purchased 4.55 million Fantom (FTM), worth $5.83 million, boasting a $353K profit on Fantom holdings.

Simultaneously, the whale bagged 1.37 million AERO, worth $2.14 million,  a few days ago and now holds a profit of $830K on this investment. Overall, these massive purchases have ignited an optimistic torrent among investors surrounding the coins’ future movements, underlining increased market interest. Further, it’s also noteworthy that the whale’s decision not to sell his holdings has solidified investors’ bullish sentiments.

How Are These Crypto Performing?

At the time of reporting, FTM price soared nearly 1.5% to reach $1.350. Its intraday low and high were registered as $1.263 and $1.369, respectively. The coin soars in tandem with the massive buying pressure brought by the abovementioned crypto whale.

However, Pepe Coin price slipped roughly 3.5% intraday and is currently resting at $0.00002129. The meme coin’s 24-hour low and high were $0.00002044 and $0.00002225, respectively. Besides, the monthly chart for the crypto shows gains of over 50%, indicating further pump imminent in light of the abovementioned buying.

Also, AERO price surged nearly 17% intraday and is currently sitting at $2.201. The coin’s 24-hour low and high were $1.870 and $2.253, respectively. The crypto soars in tandem with the colossal purchase and a bullish Q4. In turn, market participants continue to expect further gains in the abovementioned coins’ prices amid recent developments.

A PEPE price analysis by CoinGape revealed that the coin’s price could double ahead, with a major breakout of 80-100% looming. This bullish projection falls in line with heightened market interest as the year ends.

Simultaneously, another report revealed that the crypto exchange giant Binance commenced AEROUSDT futures trading. This enhanced offering has added to market optimism surrounding the token’s future movements.

The post Crypto Whale Bets Big On Pepe Coin, AERO, & This Coin, What’s Next? appeared first on CoinGape.

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Filed under: News - @ December 7, 2024 8:18 am