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.

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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