Crypto Whale Nets $2.15 Million Profit with Recent Altcoin Investments

A large crypto investor, likely an institutional player, has been making significant moves in the market, according to on-chain data.

This investor, known for holding substantial amounts of altcoins, recently reactivated their wallet and made a notable purchase of AIXBT, an altcoin not listed on major platforms like Binance, Bybit, or Coinbase.

The whale’s previous investments include $49.89 million worth of AAVE and UNI.

The AIXBT altcoin, which carries considerable risk due to its low market value and lack of presence on centralized exchanges, was acquired in a transaction totaling $1.3 million through Wintermute.

READ MORE:

Market Dip Presents Major Opportunities for Long-Term Crypto Investors, Expert Says

This recent acquisition follows a series of purchases made by the whale, totaling $6.1 million paid to Wintermute.

Other tokens purchased include $4.26 million worth of AIXBT, $500,000 worth of NFTXBT, and $330,000 worth of EMP since early December.

As of now, the whale has seen a 50% profit, equating to $2.15 million, from these altcoin investments.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.