LDO Giant Whale Address Buys $1.24 Million Worth of LDOs Again
According to the report, Lookonchain monitoring data showed that an LDO giant whale address (beginning with \”0x77b3\”) bought 474527 LDOs (about $1.24 million) …
According to the report, Lookonchain monitoring data showed that an LDO giant whale address (beginning with “0x77b3”) bought 474527 LDOs (about $1.24 million) from Coin An again today, and currently holds 14.8 million LDOs (about $39.38 million), with an average purchase cost of about $2.49, and a floating profit of about $2.58 million.
An LDO giant whale bought another $1.24 million LDO from Yuan’an today
Interpretation of the news:
The report indicates that a giant whale address with the prefix “0x77b3” has purchased 474527 LDOs (or $1.24 million worth of LDO) from Coin An. This is not the first time that this address has made such a purchase, as the report suggests that the same address had already accumulated 14.8 million LDOs (or $39.38 million) in its wallets. This acquisition has brought the new LDO purchase cost to about $2.49. What’s more interesting is that this purchase has resulted in a floating profit of approximately $2.58 million.
The message is related to the cryptocurrency, LDO, and the activities of a giant whale address. It’s common in the cryptocurrency world to have an individual or group of individuals with huge amounts of cryptocurrency holdings on a single wallet address. Such an accumulation is referred to as a giant whale address. In the LDO community, this same scenario is evident with the address prefix of “0x77b3. With such a massive investment in LDO, this whale address wields significant power to influence the price of the coin by controlling supply and demand.
The report tells us that the whale address has an average purchase cost of about $2.49 per LDO. This means that the address had bought LDO at different prices, with the average price coming to about $2.49. As the purchase cost is lower than the current market price of LDO, it implies the whale address had made a significant profit by holding onto the token.
The message also highlights that the whale address currently holds 14.8 million LDOs, worth about $39.38 million. This statistic also implies that the whale address wields enormous influence over the LDO community. The floating profit of around $2.58 million adds even more significance to the hold.
In summary, the report suggests that a giant whale address with the prefix “0x77b3” has purchased more LDO tokens, accumulating a total of about $39.38 million worth of LDO. In addition to the large holding, the purchase of the new LDO has added a floating profit of about $2.58 million to the wallet. This information is essential to understand the underlying dynamics of the LDO market and the influence of giant whale addresses in the cryptocurrency world.
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