Whales Buy 28 Million HEX During the Dip Making its Price Shoot 20%

Vinod Dsouza
hex crypto
Source: Twitter

HEX jumped 20% yesterday after four different whales purchased 28 million tokens worth $1.63 million in 24 hours. WhaleBot shared details of four transactions, and the top whale picked it up for $613,714. Below are the details of the four whales’ transactions:

  • Whale 1 – Purchased 16,486,742 HEX worth $613,716.
  • Whale 2 – Purchased 3,492,935 HEX worth $150,000.
  • Whale 3 – Purchased 3,717,370 HEX worth $150,000.
  • Whale 4 – Purchased 4,047,862 HEX worth $149,853.

The total transactions of the four whales stand at 28 million tokens worth $1.63 million in the last 24 hours.

However, its price is now cooling off, but the crypto is still up 8% in the indices. HEX was previously considered the goose that laid golden eggs any time of the day between its inception in December 2019 to September 2021. The crypto doubled in price 13 consecutive times, approximately every 48 days during this period.

Read More: Whales Own More Shiba Inu Tokens Than USDC & USDT

Read here for the time and date on how HEX doubled in price 13 times every 48 days. The crypto traded in green even during the market crash in 2021 and defied market sentiments altogether.

HEX price double chart every 48 days
Source: Watcher Guru

It traded with five ‘zeroes’ during its launch and reached the $0.01 milestone in just 15 months. Early investors made a fistful of dollars in a short period as it outperformed all cryptos in the market. Nonetheless, HEX has been trading on the backfoot this year and barely displayed gains for six months straight.

The crypto has occasionally shot up more than 20% like it did yesterday a few times in 2022. Most of the time, it was either down or traded sideways from early January this year.

Read More: How Much Dogecoin Does Tesla CEO Elon Musk Own?

What Next For HEX?

Algorithmic predictions and metrics website Gov Capital has predicted that Hex might reach $1 much sooner. According to Gov Capital, HEX could hover around the $1 mark by the end of 2023.

The analytics firm predicts that its price could scale back after it touches a new all-time high of $1. Read here to learn more about Gov Capital’s HEX to $1 price prediction.

At press time, HEX was trading at $0.04 and was up 6% in the 24 hours day trade. It is down 46% in the last 365-trading days.