The latest trading data shows that both whales and smart investors are actively buying TRX.
Large transactions made by whales and smart money have just been detected, confirming positive signals for the cryptocurrency asset TRX in the market.
MAIN CONTENT
Whale TNQsyU bought 13.73 million TRX with 5.02 million USDT.
Smart investor TWfFe1 spent 500,000 USDT to buy 1.414 million TRX.
TWfFe1 previously made a profit of 2.77 million USD from previous TRX trades.
How much TRX did whale TNQsyU buy and what was the transaction value?
Whale TNQsyU spent 5.02 million USDT to buy 13.73 million TRX, indicating a strong interest in this coin.
This transaction shows a positive move from a large investor, which can significantly affect the TRX market. Whales often possess trend-setting power when participating in buying and selling in large volumes.
Spending such a large amount also reflects an optimistic investment sentiment towards TRX, thereby encouraging other individual or institutional investors to continue monitoring and participating in the market.
What has smart investor TWfFe1 done recently with TRX?
Smart money TWfFe1 invested 500,000 USDT to buy 1.414 million TRX an hour ago, demonstrating determination to catch the trend.
Notably, this investor previously made 2.77 million USD in profit from TRX trades, demonstrating solid experience and expertise in this field. The new buying action reinforces confidence in TRX's growth potential.
The participation of an investor with a track record like TWfFe1 helps increase market reliability for TRX and create positive momentum for other investors.
"The large purchases by whales and smart money indicate that TRX is receiving strong interest from professional investors, a positive sign in the cryptocurrency market."
– Cryptocurrency financial analyst, August 2024 report
How do large volume transactions affect the TRX market?
Million USDT transactions contribute to enhancing liquidity and can positively impact TRX prices in the short term.
Whales and smart investors often lead the market, creating strong buying or selling trends, thereby influencing crowd psychology. When they collectively buy in, the market often signals recovery or more sustainable growth.
At the same time, these transactions help provide reference data for other investors based on the financial strength and in-depth strategies of these parties.
What is the role of smart money in TRX trading?
Smart money consists of knowledgeable and experienced investors, often leading the way in predicting trends in the cryptocurrency market.
The participation of TWfFe1, who previously made significant profits from TRX, indicates a strong signal of positive price signals and growth potential. Smart money helps create reliability and stability for the market amid high volatility.
Frequently Asked Questions
What is a whale in the cryptocurrency market?
A whale is an investor who holds a large amount of cryptocurrency, capable of significantly influencing prices when trading in large volumes.
What role does smart money play in TRX investment?
Smart money is made up of professional investors, with experience and good strategies, helping to guide market trends through high-value and intelligent transactions.
Why are the trades of whales and smart money important?
These transactions reflect interest and confidence in the asset, influencing market sentiment and often leading to significant price volatility.
How to track the activities of whales and smart money?
Blockchain tracking tools and trading data on specialized platforms can be used to identify large transactions and the behavior of this investor.
Does large buying guarantee an increase in TRX prices?
Despite having a positive impact, prices are still influenced by many other factors such as global supply-demand and macroeconomic news.
Source: https://tintucbitcoin.com/hai-dia-chi-chi-55-trieu-usd-mua-trx/
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