A significant player in the cryptocurrency market is making headlines as the largest holder of $BONK. This whale owns an impressive 2.41 trillion $BONK tokens. The value of these tokens is around $44.75 million. Additionally, he holds 3.78 million $TAI tokens, worth approximately $566,000, according to recent data from Lookonchain.
The largest $BONK holder with 2.41T $BONK($44.75M) also holds 3.78M $TAI($566K)!
The whale withdrew 3.78M $TAI($566K) from #Gateio on June 13th, when the price was $0.17.https://t.co/B2k9tfobFY pic.twitter.com/EymtTBc4TQ
— Lookonchain (@lookonchain) September 25, 2024
$BONK Whale Moved 3.78 Million $TAI at $0.17 in June
The whale moved out 3.78 million $TAI from the Gate.io centralized exchange on June 13th when $TAI was trading at $0.17. Transactions of such size are usually notable in the crypto community, as these may suggest changes in the market, or the investor’s approach.
Whales are very influential in this industry because their activities can influence the trends in cryptocurrencies so strongly. Such a big withdrawal may mean that the whale is either safeguarding their portfolio or planning for future transactions, which makes other investors watch these movements keenly.
Market Eyes Whale’s Next Move Amid $BONK and $TAI Volatility
The whale holding portfolios in $BONK and $TAI, reported by Lookonchain, also display the volatility of the crypto market. While waiting to track the signal of a market shift, an investor may have to act in response to actions of the larger holders. Anyone involved in the crypto markets will be looking forward to what this particular whale will be doing next as it may affect the value of both $BONK and $TAI in the near future.