Giant Whale May Have Got FOMO – He Bought Huge Amount of Bitcoin at Peak Price – Or Does He Know Something?

Cryptocurrency onchain tracking platform Lookonchain talked about an interesting move made by a huge cryptocurrency whale in a new post.

As is known, the world’s largest cryptocurrency, Bitcoin, broke a new all-time high price record today and saw the level of 85,000. On the other hand, the wait continues to see whether the sudden rise will continue.

However, according to a post shared by Lookonchain, a massive crypto whale actually made an incredibly large purchase at the peak level. The whale wallet purchased $10 million worth of Wrapped Bitcoin, a version of Bitcoin bridged to the Ethereum network, at an average level of $84,558.

The whale wallet made the purchase after borrowing $10 million in stablecoins from decentralized cryptocurrency exchange Aave.

The BTC price broke the all-time high price record with the rise it experienced today. It is not yet known whether the whale wallet made this transaction out of FOMO or if it was part of a strategy.

*This is not investment advice.