The large investor who was previously detected manipulating the price of JELLY has now turned to the ZEREBRO token.
According to on-chain data, the mentioned whale made a total purchase of 85.86 million ZEREBRO (approximately 3.42 million dollars) through two different wallets. After these transactions, the price of ZEREBRO rose by over 300%, and the whale currently has an unrealized profit of over 2.3 million dollars.
Analysts indicate that the volatility in ZEREBRO is extremely high and that investors need to be cautious.
This development reminds us of the JELLY incident that occurred 7 months ago. The same whale had manipulated the price by holding 124.6 million JELLY (4.85 million dollars) at that time. Initially, it sold off to lower the price, then repurchased, causing the Hyperliquidity Provider (HLP) to incur a loss of about 12 million dollars.
Currently, the price of ZEREBRO has increased by approximately 116% in the last 24 hours, and the trading volume has shown an increase of over 600%.
Stay tuned for the latest developments