Ethereum (ETH)-based ERC-404 tokens, which are a new trend among investors, have experienced a significant correction in recent days.
At this point, Pandora (PANDORA), the most well-known of the ERC-404 tokens and the focus of whales, has experienced a withdrawal of more than 30% in the last 3-4 days.
Taking this retreat as an opportunity, the whales went into accumulation mode again.
According to Lookonchain's post, whales have purchased a large amount of PANDORA in the last two days.
With these purchases, whales became the second and fourth largest owners of PANDORA, and the price of PANDORA began to recover.
“Whales have been buying PANDORA in the last 2 days!
0xcdba spent 3.09 million USDC to purchase 136.08 PANDORA at $22,707 and became the 2nd owner of PANDORA.
0x6fCa spent 1.87 million USDC and purchased 109.5 PANDORA for $17,087 and became the 4th owner of PANDORA.”
PANDORA, which went up to $32,000, dropped to $12,000 with the recent withdrawal. However, the price of PANDORA, which started to recover afterwards, continues to be traded at $ 21,822 at the time of writing.
Whales have been buying #PANDORA in the past 2 days!
0xcdba spent 3.09M $USDC to buy 136.08 #PANDORA at $22,707, becoming the 2nd holder of #PANDORA.
0x6fCa spent 1.87M $USDC to buy 109.5 #PANDORA at $17,087, becoming the 4th holder of #PANDORA. pic.twitter.com/fe6UV5m5jd
— Lookonchain (@lookonchain) February 14, 2024
*This is not investment advice.
