The key investor, who was beforehand discovered to have manipulated the worth of JELLY within the cryptocurrency market, has now turned to the ZEREBRO token.
Based on on-chain information, the whale in query bought a complete of 85.86 million ZEREBRO (roughly $3.42 million) throughout two totally different wallets. Following these transactions, the worth of ZEREBRO rose by over 300%, and the whale now has over $2.3 million in unrealized earnings.
Analysts are noting that volatility in ZEREBRO is extraordinarily excessive and buyers ought to train warning.
This growth is harking back to the JELLY incident that occurred seven months in the past. On the time, the identical whale manipulated the worth by holding 124.6 million JELLY ($4.85 million). It first offered, reducing the worth, after which repurchased, costing Hyperliquidity Supplier (HLP) roughly $12 million in losses.
At the moment, the ZEREBRO worth has gained roughly 116% within the final 24 hours, and its buying and selling quantity has elevated by over 600%.
Chart displaying the volatility within the worth of an altcoin.
*This isn’t funding recommendation.
