1. QiAi QuestsHome
  2. Crypto & Markets

LDO Giant Whale Continues to Hold Large Investments

• Crypto & Markets • 68 views

According to the report, Lookonchain monitoring data showed that an LDO giant whale address (beginning with \”0x77b3\”) bought 474527 LDOs (about $1.24 million) …

LDO Giant Whale Continues to Hold Large Investments

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 reported data from Lookonchain monitoring showed that an LDO giant whale address beginning with “0x77b3” has again made a massive purchase of 474527 LDOs from Coin An, equating to about $1.24 million at the current market rate. This investment has increased the whale’s holdings to an impressive 14.8 million LDOs, which is currently valued at approximately $39.38 million.

The average purchase cost of this bulk buy is estimated to be about $2.49, which demonstrates the whale’s investment trend over time. By continuously holding large sums of LDOs, the whale has always remained optimistic about the digital asset’s future, as LDO is recognized as a promising altcoin in the cryptocurrency market.

Furthermore, the whale’s current floating profit in LDOs amounts to roughly $2.58 million. This figure represents the difference between the current market value of LDOs the whale has purchased and the amount they have spent in making these investments. This floating profit is a clear indication of the whale’s shrewd investment strategy in the digital assets market.

The significance of this reported data may bring a lot of attention to the LDO cryptocurrency, as the consistent purchasing trend of a giant LDO whale can positively or negatively affect the coin’s demand and future valuation. This investment by the whale also shows their supreme confidence in the future profitability of LDO, which can influence existing and potential investors to follow or hold LDO investments.

In conclusion, monitoring data from Lookonchain indicates that the giant whale address has made a significant purchase of LDOs, positioning them as one of the largest holding portfolios of the digital asset. The consistent investment strategy of the whale, coupled with their floating profits, suggests that they remain optimistic about future developments in this market. Investors looking to invest in LDOs can take this data into account and make informed decisions about their investment strategies.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/5625.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/07/2023 03:38
Next 03/07/2023 03:46

Related recommendations