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Home Crypto News & Analysis Altcoins

Ethereum generates about $76.6 million in profit for giant whale

by Elena Garcia
June 7, 2024
in Altcoins
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Ethereum generates about .6 million in profit for giant whale
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SPONSORED post*

In recent times, an Ethereum whale has returned to extract yet more huge profits from the trading of the Ethereum tokens. According to reports, the whale has made about $76.6 million in profit so far between last year and this year. Meanwhile, crypto enthusiasts are wondering what other altcoins this giant whale might be interested in. Possible altcoins that have great potential include Solana and KangaMoon. Let’s find out why.

KangaMoon is one of the best altcoins to buy

The $8 million presale funding mark will soon be reached through the current KangaMoon presale. This comes after the pre-sale purchases by more than 10,000 holders. A further development that makes KANG one of the top altcoins available is the surpassing of 32,000 registered users in the KangaMoon community. As KANG’s price rises from $0.005 to $0.025, early investors received a floating return of 400% which is currently in the bonus pre-sale stage.

Since BitMart has declared its intention to list the altcoin soon, some cryptocurrency experts predict that the price of KANG will rise. Notable exchanges like Uniswap are likely to list KANG in the next few weeks. As such, now could be the ideal moment to buy one of the top altcoins in the market right now.

The altcoin is listed on two well-known cryptocurrency data aggregator websites, CoinMarketCap and CoinGecko. Therefore, traders can more easily evaluate the KANG market trend and decide what to invest in. With 250M KANG tokens set aside as in-game rewards in the tokenomics, the platform has mapped out various incentives for the community going forward.

Interestingly, the KangaMoon ecosystem will guarantee users an engaging gaming experience using the two fundamental features of GameFi and SocialFi structure. KangaMoon offers chances to win prizes for each challenge. With its projected $88.6 billion in NFT industry stake in 2028, KANG is a good altcoin to include in your portfolio now.

Ethereum price surges amid whale deals

Encouraged by recent actions taken by the Securities and Exchange Commission (SEC), the Ethereum coin is moving closer to the $4,000 milestone. In the meantime, when Ethereum was trading at $3,814, analytics platform SpotOnChain shared a post on X (formerly Twitter) revealing that a whale had transferred 7,000 ETH, or about $26.7 million, to Binance.

With a history of profiting in bear markets and investing again in bull markets, this whale now has 36,785 ETH, which is worth about $141 million. An estimated profit of $76.6 million was made from trading activities, representing a growth rate of 57.9%. Meanwhile, the price of the Ethereum coin also rose. After increasing by more than 20% in the past month, the Ethereum price is trading above the $3,800 mark.

Solana Price Prediction

The Solana price has risen by more than 18% in the past month. Additionally, the Solana price is testing the $172.31 local support level on the hourly chart. The price of Solana falsely broke out of the interim level of $173.93 on the daily time frame. There is a possibility that the Solana price will correct to $170 if bearish momentum prevails.

Meanwhile, the uptrend could reach the next resistance level at $184.68 if buyers can maintain their newly acquired initiative and close the price candle near the $176 level. Right now, the Solana price forecast for 2025 is $167.73 on the low end and $491.31 on the high end. If Solana hits the higher price target, Solana could see a gain of 182.53% from its current price by 2025.

KangaMoon has great potential

Although its value has skyrocketed and is on track for even greater heights, whales are already paying a lot of attention to KangaMoon. The value of KANG soared, and the revenue mark of $8 million was almost reached. Furthermore, due to its general momentum, potential for stock market listings and ability to lead the GameFi industry, KangaMoon is considered one of the best altcoins to buy.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

Website: https://Kangamoon.com/

Join our Telegram community: https://t.me/Kangamoonofficial

*This article is paid. Cryptonomist did not write the article or test the platform.

Disclaimer for Uncirculars, with a Touch of Personality:

While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.

No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.

And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.

Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!

UnCirculars – Cutting through the noise, delivering unbiased crypto news

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Elena Garcia

Elena Garcia

A passionate advocate for the artistic potential of blockchain, Elena showcases the intersection of art and technology through NFTs and immersive experiences. She explores the creative use cases of decentralized technologies and provides insights into the burgeoning NFT market.

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