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>>A large cryptocurrency investor, previously known for influencing the price of one digital asset, has now significantly increased the value of another altcoin, driving it up by 300%.

A large cryptocurrency investor, previously known for influencing the price of one digital asset, has now significantly increased the value of another altcoin, driving it up by 300%.

crypthub

1 day ago

Whale Activity and ZEREBRO Token

A significant investor, previously involved in manipulating the JELLY cryptocurrency's price, has recently invested in ZEREBRO. On-chain data reveals the whale purchased 85.86 million ZEREBRO tokens, valued at roughly $3.42 million, using two wallets. This acquisition spurred a dramatic price surge in ZEREBRO, exceeding 300%.

Previous Manipulation and Financial Impact

The current situation mirrors a similar incident involving JELLY seven months ago. In that event, the same whale manipulated JELLY's price, initially selling and then repurchasing, costing a Hyperliquidity Provider (HLP) an estimated $12 million. The whale previously held 124.6 million JELLY tokens, worth $4.85 million.

Current Market Conditions and Warnings

ZEREBRO's price has risen approximately 116% in the last 24 hours, alongside a 600% increase in trading volume. Analysts are highlighting the exceptionally high volatility of ZEREBRO. Investors are advised to proceed cautiously due to these fluctuations and the whale’s history.