There is activity on the FRONT front, which experienced an increase of over 50% yesterday.
DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, purchased 100,787 FRONT (worth $44,000) from Binance yesterday.
Afterwards, sales were made in FRONT, whose price increased. One of these sales was made by a whale that bought FRONT 8 months ago.
Popular cryptocurrency platform Lookonchain wrote that a whale who bought 7 million FRONT in January sold his FRONTs after the price increase and made a profit of $1.75 million.
“A whale that attracted 7 million FRONT (worth $1.33 million at the time) in January finally saw a price increase after holding its FRONT tokens for nearly 8 months.
He then deposited 7 million FRONT (worth $3.08 million) on Binance at an average price of $0.44 over the last 8 days.
He made a profit of approximately $1.75 million from FRONT trading.”
FRONT, which rose to $0.69 with the rise it experienced yesterday, started to decline after the sales and is traded at $0.472 at the time of writing.
A whale who withdrew 7M $FRONT($1.33M at the time) in January finally saw a price increase after holding $FRONT for ~8 months.
Then deposited 7M $FRONT ($3.08M) to #Binance at an average price of $0.44 over the past 8 days, making a profit of ~$1.75M.https://t.co/QeLyiUcdB5 pic.twitter.com/532qNw9lpL
— Lookonchain (@lookonchain) September 27, 2023
*This is not investment advice.
