The post Whale 0xfeb/0x452 Doubles Down on $SPX Amid Growing Investment Spree appeared on BitcoinEthereumNews.com.

In the realm of cryptocurrency trading, powerful market movers are often the large investors, or whales, where we find significant purchasing power. One such whale, known as 0xfeb/0x452, has made a fascinating decision in the $SPX market. Over the last six hours, this player has purchased an additional 390,430 of the trading pair’s tokens, at a cost of about $530,000 in Ethereum (ETH). This move is just the latest in a series of apparent accumulation decisions that the whale has made over the past few weeks, during which time it has also added a great many more of the same token to its already extensive SPX holdings. #SPX Whale Double Downs!In last six hours, Whale 0xfeb/0x452 just splashed out another $530K in ETH to grab 390,430 more SPX tokens at an average price of $1.358. pic.twitter.com/6mdsvV9dYR — EyeOnChain 🔶 (@EyeOnChain) January 23, 2025 The Whale’s Investment Strategy: A Consistent Buying Spree This whale’s accumulation of assets began on January 10th when they first made their move in the $SPX market. They acquired 1.481 million SPX tokens for a total of $1.86 million in ETH at an average price of $1.256. The whale has since made additional purchases, the latest one costing $530K, and now totals 1.871 million SPX tokens at an average price of $1.358. The whale seems to be in a strong position despite the $SPX price fluctuations. The whale is now reaping an unrealized profit of $109K, or about 5.85%. This whale’s investment is paying off so far. The whale’s recent purchases have coincided with upward price movement in $SPX. And the whale’s confidence in $SPX seems unwavering. In fact, the whale has been accumulating tokens consistently. The substantial and frequent investments being made in $SPX by this whale have piqued the curiosity of other players in the…

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Filed under: News - @ January 25, 2025 7:13 am