A cryptocurrency giant has caused a market stir, making large purchases of Pepe Coin, FTM, and AERO in the bullish fourth-quarter context, signaling further upside ahead.
Notably, a cryptocurrency whale has decided to make a massive bet on Pepe Coin (PEPE), Aerodrome Finance (AERO), and Fantom (FTM), drawing widespread market attention. On Saturday, on-chain data showed that this whale spent around $21 million to heavily accumulate these tokens. As such, amid the broader fourth-quarter bullish backdrop, crypto market observers expect these tokens to rally further.
Crypto whale bets big on Pepe Coin, AERO, and FTM, igniting optimistic sentiment
According to the latest data from Spot on Chain, a crypto whale recently spent 420 WSTETH (worth $2 million) to purchase 1.47 million FTM in a single transaction. However, this was not the only trade made by this trader.
According to the data, this whale has spent nearly $19 million to purchase other tokens over the past few days. Notably, this whale acquired 5.317 billion PEPE, worth $11.04 million, making a profit of $292,000 from this trade. Additionally, this whale also purchased 4.55 million Fantom (FTM), worth $5.83 million, making a profit of $353,000 from their Fantom holdings.
Meanwhile, a few days ago, this whale acquired 1.37 million AERO, worth $2.14 million, with the current profit on this investment standing at $830,000. Overall, these large-scale purchases have sparked optimism among investors about the future trajectory of these tokens, highlighting the increased market interest. Additionally, it is worth noting that this whale has decided not to sell their held assets, further consolidating the bullish sentiment among investors.
How have these cryptocurrencies performed?
As of the time of writing, the FTM price has surged nearly 1.5%, reaching $1.350. Its intraday low and high were $1.263 and $1.369, respectively. With the massive buying pressure from the aforementioned crypto whale, the token has spiked.
However, the Pepe Coin price has dropped around 3.5% during the session, currently trading at $0.00002129. The 24-hour low and high of this MEME coin were $0.00002044 and $0.00002225, respectively. Additionally, the cryptocurrency's monthly chart shows a gain of over 50%, indicating that further upside is imminent given the aforementioned buying.
Furthermore, the AERO price has surged nearly 17% during the session, currently at $2.201. The token's 24-hour low and high were $1.870 and $2.253, respectively. With the massive purchases and the fourth-quarter bullishness, the cryptocurrency prices have soared. In turn, amid the recent developments, market participants continue to expect the prices of the aforementioned tokens to rise further.
CoinGape's PEPE price analysis shows that the token's price could potentially double, with an 80-100% significant breakout on the horizon. This bullish forecast aligns with the increased market interest towards the end of the year.
Meanwhile, another report suggests that the cryptocurrency exchange giant Binance has started offering AEROUSDT futures trading. This enhanced product has further boosted the optimistic sentiment about the token's future performance.
