Crypto whale interest has turned to decentralized finance (DeFi) project Ribbon Finance (RBN).
According to on-chain analysis platform Lookonchain, 3 different crypto whale made significant purchases of RBN in the past 24 hours.
The wallet address “0xEfd7” made a purchase of 2.18 million RBN worth $2.97 million at a cost of $1.36. Another whale wallet “0x9769” bought 1.2 million RBN worth $1.49 million at a cost of $1.24. The wallet “0x02F6” collected 852,000 RBN worth $497,000 at a cost of $1.40.
In addition to all these whale purchases, a newly opened crypto wallet attracted attention with a purchase of approximately 2.19 million RBN worth about $3 million at a cost of $1.35.
The increased interest in DeFi projects in recent days is seen as one of the main reasons for whales turning to RBN.
According to CoinGecko data, Bitcoin, which showed a 78% surge in the last 24 hours, is currently trading at $1.48.
