Amaranth Foundation's Founder Acquires Over $4 Million Worth of ETH
CryptoNewsTerminal Staff07 Aug, 2024
Amaranth Foundation's Founder Acquires Over $4 Million Worth of ETH
The founder of Amaranth Foundation, James Fickel, has recently made a significant purchase of approximately 1,620 ETH, valued at $4 million. This latest acquisition brings Fickel's total ETH holdings to 5,956 ETH, amounting to $14.94 million. According to on-chain analyst _ai_9684xtpa, the purchase was executed through an address believed to belong to Fickel. The average price paid for the ETH was $2,468, with an overall average purchase price of $2,508 for all 5,956 ETH acquired today. This substantial investment by a prominent figure in the crypto space highlights the growing interest in Ethereum and its potential for long-term growth. The purchase also serves as an indication of Fickel's confidence in the cryptocurrency's future prospects.
