Whales Accumulate GHOST Token While Bitcoin is Dropping

In recent times, the fluctuations in Bitcoin prices have once again brought the movements of major investors to the forefront. After a long period of inactivity, whales have started making purchases of the GHOST token, marking their return to the market after 10 months. This has the potential to cause significant changes in the market dynamics surrounding GHOST.

According to on-chain analysis platform Lookonchain data, a whale with the address 2z4gKC has resumed trading after approximately 10 months of silence. This whale has staked 23,000 Solana (SOL) and then spent 65 mSOL (approximately $16,700) to purchase 1.12 million GHOST. This transaction is interpreted as a signal of the long-dormant large wallet's return to the market.

The activity wasn't limited to just this whale's transactions within the last 24 hours. Three different whale wallets withdrew a total of 549 SOL (worth $102,000) from the Binance exchange to acquire 5.07 million GHOST. Additionally, Lookonchain reported that three different wallets collected 2.26 million GHOST worth $56,600 within the last hour.

The intense interest of whales in the GHOST token may lead to significant movements in the price of this token. Withdrawals from Binance and heavy purchases on the Solana network indicate that large investors are increasing their GHOST positions. GHOST, which has rapidly gained popularity in the Solana ecosystem in recent weeks, could initiate a new wave of growth if whale buying continues.

This development should be noted by investors, as it suggests potential impacts on the price of GHOST and indicates that there could be increased market activity.