Whale Spends $8.1M in $SOL to Buy 75.98M $jailstool Tokens after $29.6M in Profit

A crypto whale has recently made a bold decision to acquire $jailstool tokens. As per Lookonchain, the whale has spent up to $8.1M in $SOL to purchase 75.98M $jailstool tokens after already getting a profit of nearly $29.6M via $TRUMP. The on-chain analytics platform revealed this whale activity on its official social media account.

Whale Buys 75.98M $jailstool by Spending 39,550 $SOL

Lookonchain shared the bold $jailstool acquisition by the whale via the expenditure of 39,550 $SOL. In this respect, the whale bought 75.98M $jailstool tokens with $0.1066 as the average price. This buyout strengthens the whale’s position as the biggest $jailstool holder with an unrealized profit surpassing $7M. Before this, the whale gained significant attention for making a remarkable profit of up to $29.6M.

Hence, the whale had formerly deposited a considerable amount of $TRUMP into OKX. Particularly, by depositing 1.27M $TRUMP tokens, accounting for $43.9M, the whale pocketed $29.6M in total. The market onlookers are keenly observing the rapid movements of the respective whale. Huge crypto transfers by such whales often point toward the potentially significant developments in the market.

Increasing Confidence and Influence of Whale on $jailstool Signifies Potential Price Movements

The latest investment by the whale underscores a growing confidence in the future performance of $jailstool. Purchasing 75.98M tokens accounts for a large part of $jailstool’s cumulative circulating supply. Apart from that, this move also highlights the whale’s increasing influence on the token’s liquidity and price.

According to Lookonchain, the latest $jailstool buyout by the whale signifies a strategic investment. This could be a signal of a potential price surge in the near term. Along with that, the whale’s existing unrealized gains of more than $7M, on being realized, could further emphasize the strategic trading’s lucrative nature.