A whale in the cryptocurrency space just bought $PUPS coins, sending shockwaves through the market.

The primary staker invested $512,000, or 8,862 $PUPS tokens, at a cost of $58 per, prior to the Bitcoin halving. All this did was solidify his position as the biggest $PUPS holder on the Solana blockchain.

Whale's $4.29 million Investment Shows Support for the $PUPS Project

After the acquisition, the principal owner is now in possession of 63,024 $PUPS tokens, which are worth $4.29 million on average. The whale's level of optimism over $PUPS's prospects in the market is indicated by this purchase behaviour.

It's important to note that prior to making this significant acquisition, the whale was considering several cryptocurrencies.

In particular, on April 19th, the whale spent $1.15 million and $2.63 million to buy $boden and $WIF tokens, respectively.

The investment allowed to acquire 54,161 $PUPS at the average price of $70 per token. Nevertheless, such a considerable investment in $PUPS and other cryptocurrencies does not prevent the whale from preserving the significant position in $boden and WIF tokens.

Crypto Whale Diversifies Portfolio, Holds over $22M in Tokens

As per LookOnChain, the whale possesses 20 million $boden tokens that cost $16.4 million and 2.22 million $WIF tokens costing $6.1 million.

So, the investor does not stake everything on one project or platform, which enables to invest in their development, while staying able to take a position in other potentially profitable investments.

In the end, the whale's actions demonstrate the investor's faith in $PUPS' bright future. Through token accumulation and diversification, the whale hopes to profit from volatility and earn stable profits.