Three Giant Whales Purchase $8.5 Million in APEs and Pledge Them on Binance

02/17/2023 07:24 • Tech Trends • 84 views

It is reported that, according to the monitoring of Lookonchain, in the past seven days, three giant whales have purchased a total of 1.6 million APEs (about US $8.5 million) from Binance and pledged them. Among them, the address beginning with 0x09BC purchased 750954 APEs at a price of about US $5.16 (worth about US $3.87 million). The address beginning with 0xb0ec purchased 663681 APEs (worth about $3.62 million) at a price of about $5.45. The address beginning with 0x3A51 purchased 187890 APEs (worth about US $1 million) at a price of about US $5.3.

In the past seven days, three giant whales have purchased nearly US $8.5 million of APE and pledged

Analysis based on this information:

Lookonchain, a blockchain analytics company, has reported that three giant whales have purchased a total of 1.6 million APE tokens from Binance in the past seven days, which are worth approximately $8.5 million. The sale and pledge of these tokens were conducted on Binance’s platform. This news has caused quite a stir among investors and traders as it reflects a significant investment in the APE token.

APEs are a relatively new token in the crypto market, and their previous track record has been volatile. However, with these recent purchases, it appears that confidence in their value is increasing. The whales who made the purchase are significant players in the crypto market and are known for their ability to impact prices of tokens.

The addresses beginning with 0x09BC, 0xb0ec, and 0x3A51 purchased 750,954, 663,681, and 187,890 APE tokens, respectively. The purchase prices ranged between $5.16 and $5.45 per token. The address beginning with 0x09BC made the most significant purchase, acquiring over $3.8 million worth of APEs. In contrast, the address beginning with 0x3A51 purchased the least amount of tokens, spending roughly $1 million.

What is interesting about these whale purchases is that they pledged their newly acquired tokens. Pledging means that they have given up access to these tokens for a specific amount of time and indicates that they believe in the long-term potential of the token. This move helps to stabilize the price of the token as it restricts the supply of tokens in circulation.

Overall, the recent whale purchases of APE tokens are good news for the APE token holders as it affirms the value of the token. Additionally, the pledges made by the whales indicate that they have faith in the security and robustness of the APE token.

In conclusion, the purchasing and pledging of 1.6 million APE tokens by three giant whales in the past seven days indicates that the token is gaining traction and investor confidence. As a relatively new token, this news is a positive sign for the APEs in the crypto market.

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Three Giant Whales Purchase $8.5 Million in APEs and Pledge Them on Binance

In the past seven days, three giant whales have purchased nearly US $8.5 million of APE and pledged

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