News
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Ethereum OG whale 0x7378 keeps buying $LIT. Over the past 2 months, the whale has spent a total of $9.1M to buy 3.91M $LIT at an average price of $2.33.
An Ethereum address known as 0x7378, described as an OG whale, spent nine million one hundred thousand dollars over the past two months to buy three point nine million LIT tokens at an average price of two dollars and thirty‑three cents each.
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What happened
An Ethereum address known as 0x7378, described as an OG whale, spent nine million one hundred thousand dollars over the past two months to buy three point nine million LIT tokens at an average price of two dollars and thirty‑three cents each.
Confirmed
Global impact / market context
When a large holder repeatedly buys a token, it can signal confidence and create buying pressure, which may lift the token’s price and attract other investors looking for upside in the crypto market.
Analyst inference
The purchases happen amid broader cryptocurrency volatility, so a single entity’s sustained buying could help LIT stand out and potentially improve its relative performance compared with other tokens.
Analyst inference
What to watch
- If the whale continues to accumulate LIT, further buying could reinforce price momentum and shape market perception of the token. Analyst inference
- Changes in the whale’s buying pattern, such as a slowdown or pause, which may indicate shifting confidence and affect price dynamics. Analyst inference
- Any regulatory announcements that affect Ethereum‑based tokens, because they could influence trading activity and investor confidence in LIT. Analyst inference
Affected assets
- OG — OG Fan Token
- ETH — Ethereum
- LIT — Litentry