ETH Crypto Whale Plunges Into Bitnance Token Presale, Buys Most Tokens Ever
Theres a crypto whale alert for the Bitnance token presale. An ETH whale went onto the ICO site for the coming store-of-value token and bought the most tokens of anyone to date.
Done in two transactions, the Ethereum behemoth has made two purchases via the Bitnance.net website thus far, totaling close to US$2100 in fiat value. This sum means the whale will receive approximately 5883 $BTN tokens once it launches on public exchanges in December.
The buys were completed using the same wallet transaction address (0xAEb622ED90E3C64E05D8F0E7ABeE92db10f041f7), two days consecutively. The first buy-in was for 0.4 ETH and second was 0.41 ETH.
Slightly under 1 whole ETH, it wouldnt be surprising if this crypto whale continues dollar cost averaging into the ICO in weeks to come.
With 98 days to go in the presale, these totals will surely be topped in the future. Still, for now, the crypto whales continuing to enter the presale is a very positive indicator from intelligent traders on future profit yields.
This new whale follows a millionaire crypto trader who entered the ICO earlier in the week. The other crypto whale infused $1110 in two purchases.
The prior top buyer seemed to make their first purchase as a test of the security & smart contract of the Bitnance.net site, a buy of .001 ETH. After verifying things were fair, the crypto millionaire made a second purchase that seemed to execute the full goal: to buy $1010 worth of BTN in its discount phase.
Last week, the presales activity of the BNB-Chain-based alternative to Bitcoin skyrocketed by over 2000%. The Bitnance ICO averaged over 2000 token sales daily between Monday and Friday. If this event continues growing at a similar rate, next week, it could begin breaking into 5-figure (XX,XXX) daily averages and eventually reach a presale sell-out over the 100-day offering.
Bitnance is a new digital store of value assets. A layer-2 solution, its layer-1 blockchain is more secure than Bitcoin and can handle more transactions per second. Most importantly, the SOV token will offer traders the chance to have a similar cryptocurrency to Bitcoin with lower taxes on buy-sell transactions, possibly up to 80% less on average.
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Text source: ZyCrypto
