- Market movement shows some digression while moving toward gaming tokens with utility than meme coins.
- After the investment, SHIB’s growth suffered, but MANA, SAND, and GALA’s showed promise.
- Profiting $3.49 million from the sale of PEPE, Notable Whale expands into SHIB, MANA, SAND, and GALA.
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Not long ago, a prominent whale investor made headlines when he sold 1.97 trillion PEPE tokens. According to cryptocurrency investigator Lookonchain, this transaction generated $3.49 million in profit.
The investor quickly transferred these funds into a variety of cryptocurrencies, including GALA, SAND (The Sandbox), MANA (Decentraland), and SHIB (Shiba Inu). This choice demonstrates a grasp of market dynamics and a dedication to diversifying investment portfolios in order to take advantage of growth prospects in a range of cryptocurrency sectors.
The market saw significant changes in the chosen cryptocurrencies’ performance after this portfolio adjustment. PEPE tokens saw a modest increase in value despite the massive sell-off, rising by 5.61% to $0.000003.
On the other hand, SHIB experienced a substantial decline, with its value falling by 5.41% to $0.000013, raising concerns about its potential future direction in the market. The value of SHIB declined after the investment, illuminating the erratic and volatile cryptocurrency market.
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Other assets in the whale’s restructured portfolio, like MANA and SAND, on the other hand, showed encouraging growth, rising by 8.47% and 7.20%, respectively, and remaining relatively stable at $0.646555 and $0.625977. Positive changes were also observed for GALA, whose price is now trading at $0.039623 after rising by 0.40% in a single day.
According to a previous analysis, MANA’s price trajectory points to the possibility of an additional increase, with bullish technical indicators pointing to a potential rise to $0.94. Similar bullish patterns can be seen in SAND, where important technical crossovers point to an upward move toward $0.70.
Fibonacci indicators indicate that GALA, which drew the whale’s largest investment, has bullish projections and may rise to $0.079 in the future. The overall trend in gaming tokens highlights a change in the attitude of the market away from meme coins and toward assets that have real value and room to grow in the blockchain gaming industry.
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