The crypto community is abuzz with speculations about possible whale involvement in Qubetics (TICS) the upcoming layer-1 blockchain project, after a recent selling spree that attracted massive interest. An Ethereum-era whale recently started a selling spree by moving out huge chunks from Ethereum into different exchanges, mainly in OKX.
Sources told DeyThere.com that the whale transferred 5,000 ETH worth $13.2 million to the popular crypto exchange OKX on August 12. This isn’t the first such transaction by this Ethereum whale. Over the past month or so, it has reportedly offloaded $154 million worth of ETH.
According to sources, there is growing speculation that the whale might be planning to invest a considerable portion of its holdings into the Qubetics (TICS) ICO, which is currently in its whitelist stage. This potential move has sparked increased interest and curiosity within the crypto community, as investors watch closely to see if this shift will indeed take place.
ETH Whale Selling Spree Enters Second Month
The Ethereum whale first stole the limelight in 2014 when it purchased 1 million ETH tokens at the ICO price of $0.311 per token. After a decade, the whale is active again, but this time it’s up to cashing out. During the last 35 days, the Ethereum whale is on a selling spree, taking the total cash out amount to $154 million. The latest episode occurred on Monday when it transferred 5,000 ETH tokens worth $13.2 million to OKX. So far, it has sold a total of 48,500 ETH.
These moves have caused the crypto community to speculate. Usually, when someone sends a large sum of ETH to an exchange, it means they might be getting ready to sell. However, crypto enthusiasts think this whale might be up to shifting funds to Qubetics (TICS), a new blockchain project that’s catching attention with its top-performing whitelist. This has made people more interested in Qubetics, thinking the whale might see a good opportunity there. The EVM-compatible blockchain is already turning heads during its ongoing whitelist which is filling like hot cakes. Amid limited number of available slots, crypto enthusiasts are in a race against time to join the blockchain project before the presale starts.
Led by a seasoned clinical trainer, Mr. Shaffy Yaqubi, Qubetics (TICS) aims to give the world new ways to deal with finance and business. Whitelists are a great way to join an upcoming crypto project in its infancy, thus getting access to exclusive news, updates, and rewards. Anyone can join the Qubetics whitelist by simply signing up with their email address without making any purchase at the moment. Joining the whitelist will allow you to receive an exclusive email 48 hours before the official launch of the Qubetics presale. It will also let you enter the Qubetics presale at the lowest price and gain the competitive advantage over others who will join the project at later stages.
Speculation Surrounding Whale Activity in Qubetics
There are rumors that Ethereum whales could be moving their money from other projects into new ones, including Qubetics (TICS). If true, this could be a big deal because whales often set trends for others to follow. As people hear more about Qubetics, they’re watching to see if this new project will benefit from these shifts in investment.
These big moves by the ICO-era whale are getting noticed. A company called Lookonchain has been tracking the whale’s activity and pointed out that selling this much ETH could affect its price. The market is nervous, especially with the talk that this whale might be interested in Qubetics. If the whale keeps selling ETH, it could push the price down.
At the same time, the buzz around Qubetics might show that some whales are looking for new opportunities. This could mean they’re moving money from Ethereum to Qubetics, which could impact both projects in different ways.
Market Closely Monitors the Whale Activity
The crypto community is closely watching what this whale does next. Big moves like these, especially from early Ethereum investors, can affect how people feel about the market. As the whale continues to sell ETH, there’s more speculation that the money might be going into Qubetics (TICS), Day There reported. This has made more people curious about Qubetics, wondering if it will become a big name in the crypto space.
Conclusion
The recent actions of the Ethereum ICO-era whale show how unpredictable the crypto market can be. While the whale has been selling a huge chunk of its ETH tokens, rumors suggest they might be interested in Qubetics (TICS), a new and vibrant layer-1 blockchain project. This has put the market on high alert, with investors watching closely to see what happens next.
These whale moves could shape the market’s direction in the coming weeks. Whether this is a sign of a new trend or just a temporary shift, the effects on both Ethereum and Qubetics could be significant. Investors should stay informed and be ready for changes as the market continues to develop.
