| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107355.3700000000 |
| ETH | $2438.9950000000 |
| BNB | $649.9543600000 |
| XRP | $2.1859100000 |
| ADA | $0.5615123000 |
| SOL | $150.0955000000 |
| DOGE | $N/A |
| DOT | $3.4057100000 |
| LTC | $86.7674000000 |
| LINK | $13.4316600000 |
Category: CRYPTO NEWS
The post Whale Activity Boosts $VIRTUAL and $MORPHO, Despite Concerns Over Risk Profiles appeared on BitcoinEthereumNews.com. In the rapidly changing world of decentralized finance (DeFi), whales shape market movements. Over the past 24 hours, amounts that are nothing short of staggering have been accrued by two prominent whales in the form of our two featured assets, $VIRTUAL and $MORPHO. It certainly has people talking, and it draws a large spotlight onto these two assets, which we take a closer look at in this post. Major Whale Accumulations Propel $VIRTUAL and $MORPHO The past day’s market movements have largely been driven by whale activity, and as per usual, that’s given us a good look at what some of the market’s deeper pockets are interested in. Over the past day, generally dipping conditions haven’t dissuaded whales from making sizable purchases. More specifically, they’ve added an estimated $3.03 million worth of $VIRTUAL and about $1.04 million worth of $MORPHO to their portfolios. A whale identified as 0x5607 made a significant purchase of 1.54 million virtual tokens worth about $3.1 million. Now, the whale holds 2.17 million virtual tokens valued at $4.37 million. This suggests that the whale is gaining confidence in the virtual tokens, particularly as they are moving up in the DeFi ecosystem. In parallel, whale 0x8a73 has been causing quite a stir in the marketplace for $MORPHO. This one investor recently added a staggering 380,100 $MORPHO tokens to their portfolio, forking out $1.16 million in the process. The purchase bumped their total stack up to an even more impressive 8.54 million $MORPHO, which now sits at a value of around $26.33 million. The sustained interest from this alias in the token underlines its appeal, even as concerns about the protocol’s risk profile hang in the air. 👀 $VIRTUAL and $MORPHO Continue to Be Accumulated by Whales In the past 24 hours, approximately $3.03M has been added to…
2025-01-29T04:41:07+00:00