Cryptocurrency markets have been abuzz with the activity of a prominent crypto whale making a series of major purchases across various tokens.
On-chain monitoring reveals that in the past 29 hours alone, this whale spent a staggering 1,458 WSTETH, equivalent to $6.7 million, to acquire 189.55 million BEAM tokens at an average price of $0.03515 per token.
This latest BEAM purchase marks the latest development in the whale’s broader buying spree that has unfolded over the past month.
Whale’s Extensive Token Purchases Since December 1
Since December 1, this crypto whale has deployed a total of $35.7 million worth of Ethereum to accumulate positions in four different tokens.
Among their acquisitions, the whale purchased 10.245 million FTM at a cost of $13.5 million, though this position is currently showing a loss of $181,000.
However, the whale’s other investments have proven more fruitful, including 531.7 billion PEPE tokens at a cost of $11.04 million, which have now generated a profit of $1.94 million.
Additionally, the 189.55 million BEAM tokens purchased for $6.7 million are now valued at a profit of $91,400. The whale also acquired 2.453 million AERO tokens at a cost of $4.43 million, now showing a profit of $699,000.
BEAM, PEPE & FTM Price Increase Amid Whale Accumulation
The price of Beam (BEAM) has seen an increase today, currently trading at $0.03566 with a 24-hour trading volume of $152,499,710.
This represents a 0.85% price increase in the last 24 hours and an 8.29% price increase in the past 7 days. Beam has a circulating supply of 53 billion tokens and a market capitalization of $1,875,715,453.
The Pepe (PEPE) token has also experienced a price increase today, currently priced at $0.0000241 with a 24-hour trading volume of $2,857,792,823.
This represents a 3.63% price increase in the last 24 hours and a 12.99% price increase in the past 7 days.
Pepe has a circulating supply of 420 trillion tokens and a market capitalization of $10,136,755,619.
Fantom (FTM) has also seen a price increase today, currently trading at $1.28 with a 24-hour trading volume of $534,441,996.
This represents a 6.37% price increase in the last 24 hours, though the token has experienced a 5.32% price decline in the past 7 days.
Fantom has a circulating supply of 2.8 billion tokens and a market capitalization of $3,580,913,476.
Also Read: PEPE Memecoin Surges To $11 Billion Market Cap, As Whales Increase Holdings By $1.14 Billion