A wallet suspected to belong to well-known trader Ansem has made another substantial investment in $DIGIMON, according to a tweet by on-chain analytics platform Lookonchain. The wallet recently acquired 2.04 million $DIGIMON tokens, valued at $50,000, further increasing its exposure to the token. The trend of investment in memecoins is still higher than any other narrative.
Ansem’s Strategic Move Reinforces Confidence in $DIGIMON
This is not the first time Ansem has been linked to $DIGIMON. The trader reportedly earned approximately $29,000 from previous trades involving the token. In the latest transaction, on-chain data reveals that the wallet swapped $AGG tokens to acquire the $DIGIMON tokens, indicating strategic portfolio rebalancing.
The move highlights Ansem’s continued confidence in $DIGIMON, a token gaining traction within the crypto community. The purchase has sparked interest among traders and market watchers, given Ansem’s reputation for profitable trades and market insights.
Market Volatility and On-Chain Transparency Highlight $DIGIMON’s Potential
As the broader crypto market remains volatile, the $DIGIMON acquisition signals potential opportunities in niche altcoins. Observers will likely monitor the token’s performance closely to assess whether this latest bet by Ansem yields similar success. After this purchase, the coin has already depicted its potential for another round up.
This development reported by Lookonchain underscores the growing influence of on-chain analytics in uncovering high-profile trades and providing transparency in the crypto space. This data reveals lucrative trends and helps beginner level traders identify potential for making huge gains with copy trading.
