A mysterious and unidentified ETH whale purchased a whopping 129 million HEX worth a staggering $28 million during the dip.
HEX is down -9.1% since yesterday and the top 1000 ETH rich list are making the most out of the slump. Richard Heart’s HEX is now at the top 4th position in the ‘top 10 purchased tokens’ by the Ethereum whales.
WhaleStats was the first to dish out the enormous transaction. They tweeted, “An ETH whale just bought 129,547,116 $hex ($28,133,229 USD). Ranked #102 on WhaleStats.” They also posted the transaction link and data shows the whale holds HEX in the biggest token position by dollar value.
“JUST IN: $HEX @HEXcrypto now on top purchased token by 1000 biggest #ETH whale wallets. We’ve also got $SAND, $MATIC, $LRC & $AXS on the list,” tweeted WhaleStats.
Here’s Why Whales Find HEX to be An Appealing Cryptocurrency
Every time HEX sees a dip in price, whales gobble it up by purchasing millions of tokens. The reason behind the development is that HEX has a history of taking a giant leap forward in its price.
For the uninitiated, HEX has doubled in price 13 times since its inception in December 2019 and breached the 1 Cent mark in February 2021. It touched an all-time high of $0.51 in September and saw a steep decline in price as investors booked profits.
Another lucrative thing about HEX is that the crypto doubled in price every 48 days from its inception till September 2021. The doubling in price occurred 13 consecutive times making investors sit on sacks of profits. Many ordinary investors have ended up making generational wealth with HEX in less than two years after its launch.
The crypto has always risen to double digits after a slump and has repeated this feat multiple times in the indices. Investors lovingly call HEX the ‘shining city on the hill’ that keeps on giving and the crypto has stayed true to the slogan.
Whales see each dip as an opportunity and buy HEX as they’re confident it’ll be up in double digits soon. The development has been repeated innumerable times and they see it as a profit-making machine.
Also, financial experts have predicted that HEX will reach $1 much faster than Dogecoin can ever get there.
At the time of publishing, HEX was trading at $0.21 and is down -9.0% in the 24-hours day trade. It has risen +2,357.8% in the last 365-trading days and is among the most-sought after crypto in the market.