Digital assets company Amber Group on altcoins shopping spree

November 20, 2023 12:55 AM PST | By Invezz

Digital assets company Amber Group on altcoins shopping spree — Image source: Invezz

Amber Group’s altcoin purchases

The digital firm has been accumulating altcoins over the past 90 days. Lookonchain observed wallets connected to Amber Group and FalconX buying significant Lido assets from Binance in August.

Not only #FalconX is accumulating $LDO, but it seems that #Amber is also accumulating $LDO.

An address related to #Amber withdrew 1.19M $LDO($1.8M) from #Binance 5 hrs ago and has accumulated 4.46M $LDO ($6.78M) since Aug 18.https://t.co/aISj1L9A4M https://t.co/L3vDrWauwT pic.twitter.com/vzv27dKDgB
— Lookonchain (@lookonchain) October 20, 2023

Currently, Amber Group holds LDO worth $1.4 million in addresses 0x011 and 0xbee. Moreover, according to LDO’s current value, the firm stands at $3.75 million unrealized profits (a 35.5%) gain.

Lido DAO coin exhibited bullish trends at press time. It gained 8.05% in the past 24 hours to trade at $2.47.

Also, invezz.com reported that Amber Group has purchased Optimism tokens lately. It boosted the altcoin’s trajectory by accumulating nearly $10 million in coins. OP traded at $1.79 during this publication, following a 2.15% 24-hour uptick.

The substantial returns highlight Amber Group’s skills in understanding market movements. Further, the purchase shows how leading players in the crypto world navigate trends to remain profitable. Thus, enthusiasts will likely watch LDO and OP price actions (closely) in the up-and-coming sessions.

The post Digital assets company Amber Group on altcoins shopping spree appeared first on Invezz

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