A significant Ethereum investor was recently observed liquidating $2 million in ETH and reallocating funds into three additional tokens.
This Ethereum whale has drawn considerable interest from the cryptocurrency market as it undertook substantial adjustments to its investment portfolio.
On-chain data indicates that this prominent investor sold off $2 million worth of ETH, subsequently diversifying into three other tokens.
The tokens in question, AERO, AIXBT, and VIRTUAL, have now become focal points for traders, given the surge in purchasing activity and upward price trends.
Ethereum Whale Shifts Focus To AERO, AIXBT, VIRTUAL
On May 2, Onchain Lens reported that an Ethereum whale liquidated 1,185 $ETH , valued at $2.11 million, in exchange for USDC.
Following this transaction, the investor proceeded to acquire 2.92 million AERO, 3.34 million AIXBT, and 6,800 VIRTUAL using the USDC obtained from the swap.
Subsequently, data revealed that this whale exchanged 2.44 million AERO for 996,566 VIRTUAL tokens, bringing its total holdings of VIRTUAL to 1,003,366.
This activity has generated significant market interest as VIRTUAL is currently experiencing a substantial price surge.
Notably, the overall market sentiment regarding VIRTUAL has shifted to a bullish outlook, with the price trading at $1.64 at the time of this report, reflecting an impressive increase of 100% over the past week.
Additionally, the coin has further amplified its intraday gains by over 2%, coinciding with the Ethereum whale's strategic repositioning.
Ethereum’s Struggles Continue
The price of $ETH has only increased by 3% over the past week, remaining affected by recent market trends.
At the time of this report, the second-largest cryptocurrency by market capitalization was trading at $1,825.
In contrast, AIXBT has surpassed ETH in weekly gains, rising by 57% to $0.1938, with a 13% increase observed within the day, coinciding with significant accumulation by $ETH whales.
Additionally, Aerodrome Finance (AERO) has also outperformed Ethereum's weekly performance, climbing 16% to $0.6658.
These overall upward price movements have sparked increased optimism for these three tokens.
Market participants are now eager to see if these coins can continue to rise, given the heightened buying activity and a generally bullish market sentiment.
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