SafeMoon is aiming for the moon and the whales can’t keep calm.
According to data provided by WhaleStats, a Binance Whale has purchased 2 billion worth $5.77 million SFM tokens. This was the highest buy order for the given whale address since October and looks like someone sees a potential uprun for the token in the new year.
According to WhaleStats data, the wallet address was noted to be 0xcd198be08a33cbe2172f3be45cdb431e060076bc and ranked tenth. The transaction took place on Sunday and the transaction hash for the transaction was 0x5e82e6a5169002a98d6b8de60a1ef8b9a2e75d6a574d6e6c95154c3e71b3b797.
You can find other details about the purchase in the image under.
Despite the purchase, SafeMoon was witnessing a downtrend of 3.55% over the past day and was trading at $0.0026034.
Whales entering the market with V2
SafeMoon has transitioned from V1 to V2 on 13th December that included a 1000:1 consolidation. V2 will feature increased quality, security, and accessibility of SafeMoon as noted by the team. Guess, the hodlers, especially the whales were eager to benefit from the changes that will be witnessed by the project.
Although not all hodlers have migrated from V1 to V2, the “gate to migrate to V2 will remain open,” as guaranteed by the team. As the V1 tax was now 100%, the holders won’t earn any incentives for holding the SafeMoon V1. Instead, anything the users buy or sell on V1 will be directly sent to the liquidity.
Is it ‘buy SFM’ time yet?
The massive whale movements could be an indication of migrating tokens. However, the value of the transfer fueled confidence in the market. Even though the current price was noting a downtrend, the token was noted a 45% hike in the past week.
As whales take positions in the new year’s market, SFM could be aiming for an upwards trajectory. However, the hodlers may want to wait out the initial buzz of the new year to realize the true potential of the project going forward.