Here’s What Altcoins Crypto Whales Are Buying In Mid-December 2024
Crypto whales are once again making bold moves in the altcoin market, signaling a possible change in their investment strategies. According to blockchain analytics platform Spotonchain, the strategies of these whales appear to have changed compared to those accumulated in previous weeks.
Major Altcoins Buyed by Whales
In the past few hours, Spotonchain reported on a major move by a crypto whale to purchase 189.55 million BEAM tokens. The transaction involved spending 1,458 WSTETH, worth $6.7 million, with an average price of $0.03515 per token. This marks BEAM becoming the focus of whale portfolios.
In addition to purchasing the BEAM token, Whale has also diversified its portfolio by adding other well-known altcoins. Since December 1, they have allocated $35.7 million worth of ETH across four coins, demonstrating a strategic approach to the market. These tokens include:
Phantom (FTM): The whale purchased 10.245 million FTM for $13.5 million. However, the investment fell slightly, resulting in a loss of $181,000.
PEPE: 531.7 billion PEPE tokens were purchased for $11.04 million, and the current profit is $1.94 million.
Airport Finance (AERO): The whale invested US$4.43 million to purchase 2.453 million AERO tokens and received a profit of US$699,000.
Whales target virtual reality
Another great altcoin this week is VIRTUAL, the native token of Virtuals Protocol, an artificial intelligence project on the Base chain. Meanwhile, whales are buying virtual tokens in large quantities. Two newly activated walletsLikely controlled by the same whale, 10 million USDC was withdrawn from Coinbase to purchase $4.25 million in VIRTUAL at $2.35 per token.
Additionally, another whale with wallet address 0xcf4d…b6bc spent 406 ETH (worth $1.58 million) to purchase 664,361 $VIRTUAL tokens at $2.39 each.
On December 12, Santiment reported a sharp increase in the number of wallet addresses holding between 100 million and 1 billion virtual tokens. A total of 6.3 million virtual tokens worth nearly $15 million were added to these wallets, pushing the token’s price to an all-time high. If the accumulation trend continues, the coin may break the $2.60 mark.
