While the answer to the question of whether every decline in Bitcoin and altcoins is an opportunity varies from investor to investor, according to these two whales it is “yes”.
According to Lookonchain and Spot on Chain's posts, two major crypto whales made significant purchases today. One bought a significant amount of BTC, while the other bought PEPE.
Accordingly, the whale, which sold $467 million worth of BTC in July and dumped the BTC price, bought 1,000 BTC (worth $59.6 million) from Binance today.
“The whale that allegedly sold $467 million worth of BTC in July bought 1,000 BTC ($59.6 million) from Binance an hour ago.
The whale deposited 7,790 BTC ($467 million) into Binance at ~$59,953 between June 27 and July 8, 2024, during which time the Bitcoin price dropped by ~14%.
The whale currently holds 7,559 BTC ($451 million).”
Diamond Handed Whale Got PEPE Again!
The crypto whale, described as having “diamond hands”, a pattern used in the cryptocurrency market, bought PEPE again because it had not sold for a long time.
The diamond-handed whale, who bought PEPE in October 2023 and held it until July 2024, making a profit of 886%, bought $1.34 million worth of PEPE.
“PEPE whale, who earned $1.77 million (+886%), spent 1.34 million USDC to repurchase 173 billion PEPE!
This investor spent 200k USDC to buy 170 billion PEPE on October 25, 2023 and held it until July 25, 2024. He then sold it for 1.97 million USDC, making a profit of $1.77 million (+886%)!”
A $PEPE diamond hand who made $1.77M(+886%) spent 1.34M $USDC to buy 173B $PEPE again!
This trader spent 200K $USDC to buy 170B $PEPE on Oct 25, 2023 and held it until Jul 25, 2024, when he sold it for 1.97M $USDC, making a profit of $1.77M(+886%)!https://t.co/CgRvoC86Pu pic.twitter.com/e0KJu1MvHc
— Lookonchain (@lookonchain) August 29, 2024
*This is not investment advice.
