The recent performance of SPX has been nothing short of extraordinary.
Over the past 30 days, SPX 6900 has seen consistent gains, which is an uncommon trend in the market, demonstrating heightened investor optimism.
The stock has surged by an astonishing 1,500% in just one month, showcasing its growing appeal.
Whale Wallets Acquires 3.62 Million SPX Tokens
In a notable move, a wallet identified as 0x83aa acquired 3.62 million SPX tokens, valued at approximately $58,900, between May and July. Shortly after, 3.01 million SPX tokens (worth around $54,100) were transferred to a sub-wallet.
Following this transfer, the wallet then sold 610,000 SPX tokens, bringing in roughly $19,200. Should the wallet choose to liquidate its remaining holdings, it’s projected to generate a profit of about $456,300, equating to an impressive 842% return.
From May to July, wallet 0x83aa bought 3.62M $SPX (~$58.9K) and sent 3.01M $SPX (~$54.1K) to his sub wallet.
Then, this wallet sold 610K $SPX (~$19.2K). If he sells all the remaining amount, est. profit $456.3K(~842%).
Currently, the price of $SPX has increased over 2000% since… pic.twitter.com/6BMSkZUHsc
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 1, 2024
Since the start of September, the price of SPX has skyrocketed, climbing over 2,000%. This sharp increase underscores the current bullish sentiment surrounding SPX and its growing presence in the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.