Really fear of missing out! Whale smashed 15 billion coins and bought 'these 5 coins' like crazy, ready to continue the big pump?

BTC soared! Recent Whale dynamics in encryption are being sorted out.

Since Trump was elected President of the United States, the encryption currency market has continued to rise. On-chain analyst Lookonchain, through active tracking of on-chain data, has found that several WhaleWallets have shown amazing investment momentum in the past week.

Lookonchain's Whale dynamics show that these large-scale fund movements are not sporadic, but show organized and planned operational characteristics, implying that large investors may be laying out the year-end market.

Whale once bought these 5 coins wildly, spending over 15 billion Taiwanese coins.

Lookonchain pointed out on November 10 that within just one hour, 5 new wallets withdrew about 745.5 BTC ($BTC) from the Binance exchange, worth about 59 million dollars (approximately 1.91 billion New Taiwan dollars).

It is worth noting that from November 6th to 10th, a total of 32 new wallets withdrew 5,364 bitcoins, with a total value of up to $425 million (approximately NT$13.76 billion).

Image source: XLookonchain: 32 new Wallets have recently bought a large amount of BTC

Lookonchain also found that on November 10, there were 4 new wallets withdrew 12,499 Ethercoin ($ETH) from coin, worth about $40 million (about NT$1.29 billion).

In other alts, Lookonchain also tracked several notable transactions on November 11.

Lookonchain discovered that a Whale with a Wallet Address starting with 'AA21' has been continuously buying Solana ($SOL) since October 22. As of November 11, they have purchased an additional 7,500 tokens, for a total of 257,599 $SOL, worth $54 million (approximately NT$1.75 billion).

On the same day, a whale withdrew $3.03 million worth of $SOL from Antcoin (about NT$98 million), and then used it to purchase $Pnut and $ACT coin listed on Antcoin.

The Whale spent $2.46 million to purchase 9.24 million $Pnut at an average price of $0.266, and bought 2.04 million $ACT at an average price of $0.2 for $410,000.

Can make good use of tools to track encryptionWhale

With a huge amount of funds, Wallets known as 'Whales' are the focus of many investors and online analysts.

Generally speaking, Whales, after purchasing Cryptocurrency, usually transfer it to a self-custodial wallet for storage if they intend to hold it for a period of time, in order to avoid centralized exchange risks.

But it is important to note that, Whales can buy into promising Crypto Assets, and naturally they can easily dumping. Investors can make good use of on-chain analysis tools to monitor and understand Whale dynamics in real time.

Extended reading: Which on-chain data tool is the strongest? Comprehensive evaluation of '7 major products' to find the best platform

[Disclaimer] The market is risky, and investment should be cautious. The above data is for reference only. Users should refer to more diverse indicators to determine whether to invest and consider whether any opinions, viewpoints, or conclusions in this article are applicable to their specific situation. Investing based on this is at your own risk.

"Really fear of missing out! Whale dumped 15 billion coins and bought "these 5 coins" crazily, ready to continue the big pump?" This article was first published in "encryption city".