A crypto whale has drawn attention after buying numerous little-known altcoins, including Fairum (FAI), Virtuals Protocol (VIRTUAL) and aixbt by Virtuals (AIXBT). As Onchain Lens highlighted today, the trader has invested thousands of dollars into these upcoming altcoins.
Whale bets on FAI, VIRTUAL, and AIXBT
According to data reported by Onchain Lens, the whale spent 329 WETH worth $1.06 million to buy 2.62 million AIXBT coins for $0.40 for each coin.
The trade then spent 292 WETH worth $944,000 to buy 16.77 million FAI tokens for $0.056 for each token.
He eventually spent 290 WETH worth $934,000 to buy 298,738 VIRTUAL coins for $3.12 for each coin.
In the past 10 hours, a whale has spent 911.45 $WETH, worth $2.94M, to buy multiple tokens on @base.
– Spent 329.45 $WETH worth $1.06M to buy 2.62M $AIXBT at $0.40
– Spent 292 $WETH worth $944k to buy 16.77M $FAI at $0.056.
– Spent 290 $WETH worth $934k to buy 298,738 $VIRTUAL… pic.twitter.com/0WiY9Uu8aO— Onchain Lens (@OnchainLens) January 10, 2025
The trader’s activity shows that some investors are buying several cheap assets, hoping that they will surge their values instead of going for the pricier ones.
Large crypto holders are well-known for their calculated diversification of assets that have the potential to offer significant returns. The decision by this whale to invest in FAI, VIRTUAL, and AIXBT highlights the rising confidence in these assets’ ability to provide substantial growth.
In the dynamic landscape of virtual currencies, smart investors are always looking for potential opportunities that could deliver incredible returns.
FAI, VIRTUAL, and AIXBT price updates
Today the crypto market continues its downtrend, which started on Tuesday, with the majority of assets losing their strength. The declines came after a sudden surge of the US Treasury yields following a release of data by ISM on January 7.
Increasing treasury yields tend to create pressure on risky assets like stocks, cryptocurrencies, etc. The decrease comes as the market awaits US jobs data, which could impact anticipations concerning interest rates and, consequently, crypto prices.
Bitcoin has continued its drop today, trading at $94,851.95 as strong US economy recovery signals fewer lending rate reductions by the national central bank in 2025.
Today, AIXBT is trading at $0.4372. It has been down 10.80% in the last seven days, meaning that it is underperforming the global digital asset market, which is down 5.60% currently. It is also underperforming when compared to other related meme coins, which are down 5.30% in the last seven days. Also, its trading volume is currently down 9.70%, signaling a recent decrease in market activity.
Fairum is trading at $0.07963 with a trading volume of $327.57 at press time. Data shows it is a new token launched yesterday. It seems the whale noticed the launch and grabbed the opportunity. He invested in the new gem, believing that it would see a price rise in the future.
On the other hand, Virtuals Protocol is trading at $3.2, down 3.8% over yesterday. It has been down 23.10% in the last seven days and its trading volume is also down 3.60%, signaling a recent reduction in market activity.
