Tracking the Purchases of a Giant Whale Address

According to reports, according to Lookonchain monitoring, on April 7th at 06:18:47 Beijing time, a giant whale address starting with 0xB79c once again purchased 1290 ETHs (approximately $2.4 million) from Coin An. The giant whale has been purchasing ETHs from Coin An since January 15th, holding a total of 25255 ETHs (approximately $46.8 million) with an average purchase price of $1649.

A giant whale once again bought 1290 ETHs from Coin An today, equivalent to approximately 2.4 million US dollars

Have you heard about the giant whale address which keeps purchasing ETHs from Coin An? If you haven’t, then let’s delve deeper into the story. According to Lookonchain monitoring reports, on April 7th at 06:18:47 Beijing time, the giant whale purchased 1290 ETHs (approximately $2.4 million) from Coin An. The giant whale, identified by the address starting with 0xB79c, has been continuously purchasing ETHs from Coin An since January 15th, 2021. In this article, we will take a closer look at this giant whale, its purchase history, and try to understand its investment strategy.

Who is the Giant Whale Address?

Before we examine the giant whale’s purchasing history, we need to understand the term “giant whale.” In the cryptocurrency market, a giant whale refers to an individual or a group of investors who hold a vast amount of cryptocurrencies, enabling them to influence the market’s price. They are powerful players who can create market trends through their trading strategies. These whales have the power to shift the market in their favor or create panic if they want to.
Now let’s return to the giant whale address that purchased 1290 ETHs. The address starting with 0xB79c has been actively trading since January 15th, 2021. According to Lookonchain, the giant whale address started with a purchase of 10,000 ETHs on January 15th, followed by another purchase of 10,000 ETHs on January 21st. From there on, the giant whale kept on adding to its portfolio of ETHs.

The Investment Strategy of the Giant Whale Address

The giant whale address seems to have a long-term investment strategy. From the beginning of its purchase history, it has been continuously adding to its portfolio, which now stands at 25,255 ETHs worth approximately $46.8 million. Moreover, the average purchase price of the giant whale is $1649, which is more than the current market price of ETHs. However, the giant whale seems confident about the future market value of ETHs, which is why it is buying at such an elevated price.
The giant whale address has only been purchasing its ETHs from Coin An. So, why is it choosing this particular exchange? Coin An is a well-known and reputable exchange platform that is regulated by the Monetary Authority of Singapore (MAS). It is also one of the leading exchanges in Southeast Asia, with an average daily trading volume of $1 billion. This makes Coin An a reliable and trusted platform for traders and investors. The giant whale address seems to have placed its trust in Coin An, and with its market influence, it might even end up influencing the prices on the platform.

Conclusion

In conclusion, the giant whale address starting with 0xB79c has been actively adding to its ETHs portfolio since January 15th, 2021. With a total of 25,255 ETHs worth approximately $46.8 million, the giant whale address seems to have a long-term investment strategy. The address has been only purchasing from Coin An, for reasons of trust and reliability. However, with its market influence, the giant whale address might even end up influencing the prices on the platform in the future.

FAQs

1. What is a giant whale address in cryptocurrency trading?
– A giant whale address refers to an individual or a group of investors who hold a significant amount of cryptocurrency, enabling them to influence the market’s price.
2. What is Coin An exchange?
– Coin An exchange is a well-known and reputable exchange platform that is regulated by the Monetary Authority of Singapore (MAS). It is also one of the leading exchanges in Southeast Asia, with an average daily trading volume of $1 billion.
3. What is the investment strategy of the giant whale address?
– The giant whale address seems to have a long-term investment strategy, adding to its ETHs portfolio since January 15th, 2021. With an average purchase price of $1649, it is buying at an elevated price, indicating its confidence in the future market value of ETHs.