According to a post by on-chain data analytics platform Spot On Chain, leading cryptocurrency exchange Gemini purchased more than $114 million worth of altcoins.
Accordingly, Spot on Chain recently purchased $114 million worth of Ethereum (ETH), Chainlink (LINK), Shiba Inu (SHIB), and PEPE from a new Gemini multising custody wallet created 18 days ago.
“New Gemini multisig custody wallet accumulates millions of dollars worth of altcoins.
Gemini wallet holds 42,000 ETH worth $103.8 million
350,000 LINKS worth $3.77 million
200 billion SHIB worth $3.39 million
“He withdrew 400 billion PEPE worth 3.29 million dollars.”
While it is noteworthy that this wallet was created only 18 days ago, it is thought that the increase in altcoin purchases may also increase prices.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/major-us-exchange-purchased-114-million-worth-of-altcoins-before-the-election-here-are-the-four-altcoins-they-bought/