A crypto whale has recently grasped the attention of the community with a staggering profit through $AUCTION tokens. As per the data from Onchain Lens, the crypto whale accumulated up to 500,000 $AUCTION tokens, leading to a floating profit of up to $3.76M. The on-chain analytics provider took to social media to disclose this significant event.
Crypto Whale Pockets Floating Profit of $3.76M after Accumulating 500K $AUCTION Tokens
The whale reportedly accumulated 500K $AUCTION tokens in total from the popular crypto exchange Binance. These tokens account for nearly $13.76M in terms of value. Subsequently, the whale leveraged this strategic accumulation for profit. As a result of this, the whale pocketed a massive floating profit of approximately $3.76M.
In line with the blockchain records, there exists a pattern of sizeable and consistent transactions to the address of the aforementioned crypto whale. Particularly, the recent transactions targeting the whale’s address include $4.15M, $2.87M, $3.04M, $3.71M, and $9.15. These transfers indicate a well-managed accumulation strategy, likely suggesting robust confidence in the future performance of $AUCTION.
Continuous $AUCTION Accumulation Boosts Investor Confidence
According to Onchain Lens, the $AUCTION accumulation by the crypto whale triggers speculation. In addition to this, the enormous floating profit of almost $3.76M also highlights a bullish outlook. This could likely result in increased institutional and retail interest in $AUCTION. While the whale keeps on accumulating $AUCTION tokens, crypto enthusiasts keep looking for the signals of the future price trajectory.
