Expert Predicts $2,700 On Ethereum Despite Whale Sell-Offs, Are They Buying This New PropFi Token?
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
Things are starting to look good in the DeFi market again as top coins like Ethereum (ETH) are back in their bullish state. In a recent turn of events, some ETH whales sold off their investments and subsequently drove up the price of the token by a long shot. This surge has convinced analysts that ETH will touch the $2,700 mark any time now.
Amid this backdrop, a new promising PropFi token called FXGuys ($FXG) has caught the attention of of some investors.
A couple of ETH whales have started taking advantage of the windfall from the general profit rally happening across the DeFi market.
One such whale reportedly deposited 10,000 ETH valued at $24 million into the Kraken Exchange on September 18, 2024, after two years of inactivity while having participated in the ETH ICO. This whale initially received 50,000 Ethereum in the ICO, now valued at approximately $121.85 million from its initial approximate value of $15,500.
In another notable transaction, a different whale sold 10,595 ETH for the value of $24.79 million within three days. The whale now retains a balance of 6,042 ETH, estimated to be worth approximately $14.7 million.
Surprisingly enough, the price of Ethereum has since jumped by 5.3% from its closing price of $2,341.71 on September 17, which was the day before the sell-offs happened.
Going by the increased market activity these whale accounts are generating for Ethereum, many analysts are predicting that it won’t be long before ETH crosses the $2700 mark.
With the PropFi features it offers, FXGuys has aims to become one of the biggest
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