A major cryptocurrency investor has been actively buying up Ethereum (ETH), suggesting a strategic move to take advantage of lower prices.
According to Lookonchain, a notable Ethereum wallet with the address starting “0x78D07” acquired more than $4.7 million in ETH recently, increasing its total ETH holdings to nearly $100 million.
This investor has been accumulating ETH since May 24, with a total of 37,800 ETH purchased at an average price of $2,420 each, resulting in an unrealized gain of $7.5 million.
In addition, another savvy investor with a flawless profit history has been stockpiling ETH from Binance. Since late May, this investor has added around $70 million worth of ETH to their portfolio.
As Ethereum’s current price stands at $2,683, showing a 2% increase in the last day, one high-profile investor is also cashing out on the memecoin Pepe (PEPE).
This individual sold their remaining 395.92 billion PEPE tokens for $3.4 million, securing a profit of $5.06 million, or a 199% return.
A cryptocurrency trader turned an $800 investment into $400,000 in just one week by trading the meme coin Moo Deng (MOODENG).
Ripple, a prominent fintech company known for its ongoing innovations and partnerships, has struggled to reflect its growth in the price of its cryptocurrency, XRP, over the past seven years.
Ethereum (ETH), the leading altcoin, has been underperforming compared to Bitcoin (BTC) since the start of 2024, disappointing many investors.
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.