Whale Spends $6.7M on $BEAM Amid Aggressive Crypto Accumulation

In the past couple of days, a prominent crypto whale has gained significant attention in the crypto market by buying $BEAM tokens in a huge amount. As per SpotOnChain, the crypto whale has purchased 189.55M $BEAM tokens by spending 1,458 $WSTETH (equaling $6.7M), indicating an aggressive accumulation spree.

Whale Buys $BEAM, $FTM, $PEPE, and $AERO

Spot On Chain disclosed that the whale’s buyout of 189.55M $BEAM coins at an average cost of $0.03515 denotes a strategic buying move. This activity also signifies a resilient conviction in 4 tokens, including $FTM, $PEPE, $AERO, and $BEAM. In line with the data, the whale purchased 10.245M $FTM tokens at a price of nearly $13.5M. This figure shows an unrealized loss of $181K.

In addition to this, the buying activity also included 531.7B $PEPE coins at up to $11.04M, showing an unrealized profit of $1.94M. Apart from that, the purchase of 2.453M $AERO tokens for $4.43M highlights a $699K unrealized gain.

The buyout of 2.453M $BEAM at approximately $6.7M reveals an unrealized profit of $91.4K. Specifically, the $BEAM investment seems to be the newest in the buying activity. It has reportedly contributed to the whale’s massive accumulation of altcoins with high potential.

Whale $BEAM Inflows Boost Recovery

As per the data share by SpotOnChain, mentions total unrealized gains of the whale have now reached $91.393K, accounting for a 1.372% spike on $BEAM buyouts. $BEAM witnessed a sheer dip after which a steady recovery occurred following the whale’s inflows. This massive purchase of the altcoins has caught the attention of crypto investors and traders.

The respective whale activity brings to the front increasing investor confidence in $BEAM, $PEPE, and other such altcoins. This underscores a likely bullish momentum for the above-mentioned altcoins. Spot On Chain’s data also points out that such large-scale investors can impact price trends.