News View Non-AMP

Here’s What Altcoins Crypto Whales Are Buying In Mid-December 2024

Published by
Mustafa Mulla

Crypto whales are once again making bold moves in the altcoin market, showing possible changes in their investment strategies. According to Spotonchain, a blockchain analytical platform reported that it appears that these whales’ strategies have changed from what they accumulated in previous weeks.

Key Altcoins Bought By The Whale

Over the past few hours, Spotonchain reported a significant move by a crypto whale who purchased 189.55 million BEAM tokens. The transaction involved spending 1,458 WSTETH, valued at $6.7 million, with an average price of $0.03515 per token. This marks BEAM as a key focus in the whale’s investment portfolio.

In addition to buying the BEAM token, the Whale has diversified their portfolio by adding other prominent altcoins. Since December 1, they have allocated $35.7 million worth of ETH across four tokens, showcasing a strategic approach to the market. Among these tokens are;

Fantom (FTM): The whale bought 10.245 million FTM for $13.5 million. However, this investment has faced a slight dip, resulting in a $181,000 loss.

PePe (PEPE): A massive 531.7 billion PEPE tokens were purchased for $11.04 million, now showing a $1.94 million profit.

Aerodrome Finance (AERO): The whale invested $4.43 million in 2.453 million AERO tokens, yielding $699,000 in gains.

Whales Eyeing Big On VIRTUAL

Another standout altcoin for this week is VIRTUAL, the native token of Virtuals Protocol, an AI-powered project on the Base chain. Meanwhile, whales are making significant purchases of VIRTUAL tokens. Two newly activated wallets, likely controlled by the same whale, withdrew 10 million USDC from Coinbase to buy 4.25 million $VIRTUAL for $2.35 per token.

Additionally, another whale with wallet address 0xcf4d…b6bc spent 406 ETH, worth $1.58 million, to acquire 664,361 $VIRTUAL tokens at $2.39 each.

On December 12, Santiment reported that wallet addresses holding between 100 million and 1 billion VIRTUAL tokens saw a sharp increase in holdings. These wallets collectively added 6.30 million VIRTUAL tokens worth nearly $15 million, pushing the token’s price to a new all-time high. If the accumulation trend continues, the token could break the $2.60 barrier. 

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Trump-Bukele White House Meeting: Is Bitcoin the Main Agenda?

El Salvador’s pro-Bitcoin President Nayib Bukele has hinted at a possible visit to the White…

March 30, 2025

Bitcoin Nears Worst Q1 Close Since 2018: Will Bearish Metrics Push BTC Price Below $80K?

The crypto market's recent recovery faded on Friday as a sharp sell-off erased nearly all…

March 30, 2025

Time to Buy Ethereum? Whale Bags $58 Million of ETH

Amid the bearish market sentiment, a crypto whale found Ethereum (ETH) to be an ideal…

March 29, 2025

Sonic Labs Drop USD Stablecoin Plan Amid US Regulations – Here’s Why!

Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its…

March 29, 2025

PEPE Whale Sell 150B Tokens, 20% Price Crash Ahead?

During the ongoing bearish market sentiment, Pepe (PEPE), the world’s third-largest meme coin, has lost…

March 29, 2025

XRP News: SEC Could Delay Its Announcement Until August 7? Hint XRP Member!

The long-running legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is…

March 29, 2025