Whale Buys $6.7M of BEAM in 29 Hours, Holds $35.7M in Crypto Investments

In Brief:

A whale purchased 18.955M BEAM for $6.7M at an average price of $0.03515 in the past 29 hours.

Total investments since December 1: $35.7M across four tokens, including BEAM, FTM, PEPE, and AERO.

‍

According to Spot On Chain monitoring, a crypto whale spent 1,458 WSTETH ($6.7M) over the past 29 hours to acquire 18.955M BEAM tokens, with an average purchase price of $0.03515.

‍

Since December 1, the whale has allocated $35.7M in ETH across four different tokens:

‍

• FTM: 10.245M tokens bought for $13.5M, now at a loss of $181K.
• PEPE: 531.7B tokens bought for $11.04M, now with a profit of $1.94M.
• BEAM: 18.955M tokens bought for $6.7M, currently up by $91.4K.
• AERO: 2.453M tokens bought for $4.43M, now with a profit of $699K.

‍

The whale's latest BEAM purchase reflects ongoing strategic activity in the crypto market, with the investor capitalizing on potential growth opportunities across different assets.

‍
The whale's movements demonstrate active risk management and profit-taking across volatile assets like PEPE and BEAM while holding long-term positions in tokens like FTM. This highlights the impact of large-scale investors in driving market momentum.

‍