James Fickel, Amaranth Foundation Founder, Accumulates 14,494 ETH in Last 3 Days

IconCryptoNewsTerminal Staff23 May, 2024

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James Fickel, Amaranth Foundation Founder, Accumulates 14,494 ETH in Last 3 Days

Amaranth Foundation founder James Fickel has recently made a significant purchase of 2,642 ETH, valued at $24.4 million, for approximately 10.1 million USDC. This acquisition brings Fickel's total ETH purchases in the past three days to 14,494, including 390 WBTC and 26.1 million USDC, acquired at an average price of $3,675. Fickel's substantial investment suggests his belief in a potential ETH uptrend following the approval of an ETH spot ETF. Notably, he has consistently accumulated ETH since January 2023, leveraging DeFi to bet on ETH/BTC growth. This news aligns with Fickel's previous statements expressing optimism about Ethereum's long-term prospects. As an active investor in the cryptocurrency space, his actions are closely monitored by analysts seeking insights into market trends. Only time will tell if Fickel's bullish stance on ETH proves to be well-founded.

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