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Ethereum Whale Dumps $2M In ETH To Buy These 3 Tokens
By: bitcoin ethereum news|2025/05/03 02:00:04
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An Ethereum whale has captured the attention of the crypto market this Friday as it made notable changes in its crypto portfolio. On-chain whale statistics have revealed that a large-scale investor dumped $2 million worth of ETH, thereby diversifying investment into 3 other tokens. These 3 tokens, namely, AERO, AIXBT, and VIRTUAL, are now on traders’ watchlists amid increased buying and rising price trajectories. Ethereum Whale Shifts Focus To AERO, AIXBT, VIRTUAL Onchain Lens’ X post on May 2 revealed that an Ethereum whale dumped 1,185 ETH, worth $2.11 million, in exchange for USDC. This investor has then moved on to purchase 2.92 million AERO, 3.34 million AIXBT, and 6,800 VIRTUAL with the recently swapped USDC. Subsequently, data indicated that this whale again swapped 2.44 million AERO for 996,566 VIRTUAL tokens. It now holds 1,003,366 VIRTUAL, echoing a market buzz as the crypto is currently on a massive price rally. Interestingly, broader market sentiments about VIRTUAL have taken a paradigm bullish shift. VIRTUAL price is trading now at $1.64 as of reporting, surging by a staggering 100% over the week. The coin has further extended its intraday gains to over 2% in tandem with the Ethereum whale’s shift in position. Ethereum’s Struggles Continue ETH price, however, has managed to gain only 3% over the week, remaining undermined by the recent market trends. The second-largest crypto by market cap has exchanged hands at $1,825 at the time of reporting. Conversely, even AIXBT price overtook ETH price in terms of weekly gains, surging 57% to $0.1938. The coin witnessed a 13% intraday pump, in sync with the massive accumulation by the ETH whale. Lastly, Aerodrome Finance (AERO) price also overshadowed Ethereum’s weekly gains, up 16% to $0.6658. These broader rising price actions have kindled further optimism for the three tokens. Crypto market participants are now left anticipating if these three coins could gain further in light of the increased buying and a broader bullish outlook market-wide. On the other hand, Ethereum whale dumps continue to be on the rise, as per a CoinGape report, presenting as another concerning factor for the token. ✓ Share: Coingape Staff CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/ethereum-whale-dumps-2m-in-eth-to-buy-these-3-tokens/
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