💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Ethereum Whale Buys Whopping 60B SLP, Traders Rejoice

Published 02/11/2022, 08:30 AM
© Reuters Ethereum Whale Buys Whopping 60B SLP, Traders Rejoice
ETH/USD
-

  • Nearly 60 billion worth of Smooth Love Potion tokens has been bought.
  • One of the ETH’s anonymous whale’s made the purchase.
  • The 60 billion SLP bought is estimated to be around 2,126,462 USD.

Whales are silently beginning a new crypto buying spree in the space as one anonymous Ethereum whale has just bought nearly 60 billion Smooth Love Potion (SLP).

Based on the data of the whale’s transaction, the 60 billion SLP tokens are estimated to be around $2,126,462. Meanwhile, traders suggest that there is a high possibility for the purchase to influence the SLP token price spike.

The whale’s transaction was discovered by the on-chain analytics site — WhaleStats. In detail, WhaleStats is a crypto and blockchain transactions analytics services provider that analyzes “the top 100 ETH wallets”. One of the aspects of its analytics solutions is based on how it seeks to focus on the highs and lows of the crypto market.

In addition, as the news broke the internet, the entire crypto space seems surprised. What’s more, in line with how the crypto netizens expressed their heartfelt emotions, the Smooth Love Potion’s custodial community is ecstatic.

On top of this, traders are also surprised due to the nature of how the whale anonymously purchased the SLP token. Despite how the whale’s transaction information was gathered by WhaleStat, the exact wallet where the entity transferred the SLP tokens remains unidentified.

The news comes a few days later after Smooth Love Potion’s SLP price growth rate smashed 262.4% in 7 days.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.