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Cryptocurrency News Articles
A major whale is making waves in the $SPX market, cashing out after achieving an impressive 42x return on investment
Oct 15, 2024 at 02:25 pm
This savvy investor initially spent $153,000 to purchase 7.793 million $SPX tokens between July 31 and August 15, 2023.
A whale has made waves in the $SPX market, cashing out after achieving an impressive 42x return on investment.
The whale spent just $153K to buy 7.793M $SPX between Jul 31 and Aug 15. Now, the whale began cashing out with 793,092 $SPX ($687K) sold 11 hours ago.
A major whale is cashing out $SPX after achieving a 42x return on investment. The whale spent just $153,000 to purchase 7.793 million $SPX tokens over two weeks. Thanks to the recent price surge, this investment has now grown to an impressive $6.44 million.
The whale's holdings were valued at $153,000 when initially acquired between July 31 and August 15, 2023. However, due to $SPX's significant price increase, the tokens are now worth an estimated $5.91 million, out of the total $6.44 million realized from the initial investment.
This sell-off, valued at 280.5 ETH or around $687,000, was executed just 11 hours ago and leaves the whale with an estimated 7 million $SPX tokens remaining. This分で売れたのかな?
$SPX is currently trading at $250 with a total market cap of around $2.1 billion, according to CoinGecko. The token has seen explosive growth over the past month, surging 100x in just 30 days.
This price飆騰 has attracted the attention of both traders and investors alike, leading to a massive increase in trading volume and market cap. Notably, at the beginning of October, there were around 6,500 $SPX holders, which quickly rose to over 15,000 within two weeks.
$SPX had an incredible run in the last 30 days, going up 100x! At the beginning of October, there were around 6,500 $SPX holders, but in just 14 days, that number went past 15,000, showing massive interest in the token.
Is $SPX the next big hero in the memecoin world?#100gems #100Xmeme pic.twitter.com/vI1ruXQ5Ls
— Fantoshi 100x (@Fantoshi100x) October 14, 2024
This rapid growth in both price andホルダー base has made $SPX one of the most buzzworthy tokens in the crypto market at present. As a result, it remains to be seen how other investors, both large and small, will respond in the coming days.
This news comes as $SPX continues to attract attention from traders and whales alike, with its future trajectory offering the potential for either further significant gains or corrections, depending on market dynamics and broader investor sentiment.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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