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.