Activated Altcoins Held for 3 Years: If Sold, Will Earn Millions!

A crypto whale has activated the altcoins it has held for about three years and will earn millions of dollars if it sells.

According to the details provided by the popular on-chain analysis platform Lookonchain, the whale address 0x4111 deposited exactly 1,271 Maker (MKR) tokens into the Kraken exchange about 15 minutes ago. This transaction corresponds to an asset worth approximately 2.45 million dollars based on current market values.

The whale purchased its MKR tokens at an average price of 895 dollars between February 11, 2022, and March 8, 2023. Acting with a long-term investment strategy, the address continued to hold these altcoins for about 3 years. Considering the current market value of MKR tokens, the potential profit from a sale for the whale would be around 1.32 million dollars. This corresponds to a significant gain of about 116%.

Transactions made by large investors in the crypto market can often lead to significant fluctuations in the market. Especially with relatively illiquid assets like MKR, large-scale sales made in one go can lead to sudden price movements. The whale's move has drawn attention in the market, and investors are eagerly waiting to see whether the sales will occur.