Two different crypto whales made massive purchases with regards to the newly listed altcoin on Binance.
The world’s largest cryptocurrency exchange Binance had listed Ether.Fi (ETHFI) on March 18. Shortly after the listing, ETHFI, which lost approximately 38% of its value, caught the attention of whales.
According to data provided by the on-chain analysis platform Spot On Chain, two different whales took advantage of the drop and purchased 18,393 ETHFI worth of $2.19 million at a cost of $3.05 on March 20.
These whales, making their first ETHFI purchases, managed to enter the top 20 ETHFI whales thanks to their large transactions.
The whale with wallet address 0xa748 bought $1.3 million worth of ETHFI, while the whale with wallet address 0x27816 made a purchase of approximately $850,000 worth of ETHFI.
According to CoinGecko data, ETHFI has shown a 2.3% increase in the last 24 hours and is currently trading at $3.11.
