A giant Ethereum whale has recently taken notable action in the crypto market by purchasing $1.2 million worth of ETH and two ERC-20 tokens: Rexas Finance (RXS) and Shiba Inu (SHIB). This ETH whale token acquisition has been the first of many, and the strategic purchases showcase great confidence in the future growth of these assets. Rexas Finance made headlines due to its outstanding presale performance, with RXS shooting over 580% in presale.
Why this whale’s investment matters
Often referred to as “whales,” large crypto investors are renowned for their strategic buying behavior. This behavior can influence the market and indicate positive developments. Following a whale’s decisions is interesting when it acquires a significant volume of ETH and chooses two ERC-20 tokens to diversify it
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