badideaai 120 trillion BAD holder in limelight as Shiba Inu related Bad Idea AI jumps 500% BADIDEAAI $BAD Shibarium
This is so because whales, or large holders, strive to increase the value of their holdings to profit more, just like the majority of normal cryptocurrency investors. They can momentarily impact price patterns by either flooding the crypto market with coins or creating buy pressure since they have access to sizable crypto holdings.
A large buy order can significantly increase the price of a certain cryptocurrency because it informs the market that the asset is in demand.Lookonchain draws attention to a massive BAD holder who owns 120.3 trillion BAD, which represents 14.5% of the total supply. The on-chain analytics platform gives further insight into the activity of this whale. The said wallet spent 7.4 ETH to buy 139.5 trillion BAD, or 16.8% of the total supply, via three addresses within 15 minutes after the BAD token went live.
The whale is now left with 120.3 trillion BAD, worth $19 million, currently in seven wallets, after selling 19.2 trillion BAD for 225 ETH, or $414,000, earlier.Shiba Inu's partnership has helped Bad Idea AI gain a lot of momentum. In a recent tweet,
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