An anonymous whale has accumulated a position in the altcoin BRETT according to data from onchain analytics platform SpotOnChain. The unnamed investor transferred approximately 979 WETH valued at $3.69 million to an address located at 0xddbac19f8347dd5a6c72087132fb67933eb1fdbe in order to purchase over 31.87 million BRETT tokens.

This represented the first time this particular whale had ever purchased holdings in BRETT. The tokens were acquired at an average price of $0.116 per BRETT, with the total WETH outflow amounting to one of the largest single buy orders placed for the altcoin to date. 

Following the transaction, the BRETT price saw an immediate 11.24% increase within one hour as word of the accumulation spread across crypto circles at the time of the report.

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At the time of writing, BRETT is trading hands at $0.1211 with a 24-hour price gain of 25.84%. Even more noteworthy, BRETT value has rocketed over 72% higher within the last week. These parabolic price rises have captured the attention of BRETT proponents who see further upside potential ahead.

Notably, high-profile BRETT trader Uzi has called for targets as high as $4 to $8 for the token by the conclusion of the current market cycle. If realized, this prediction implies astronomical returns of between 40x to 80x from current levels. 

$BRETT is programmed for another 40x-80x from here, I will keep adding to my bag. $4.00-$8.00 will be the price of BRETT end of the cycle.

In a matter of few months, $BRETT will provide me with life changing money and print many millionaires.

You still have time, you can… pic.twitter.com/lNy9EQDGCW

Uzi argues an investment in BRETT at this moment could reap life-changing profits eclipsing all but the most successful alternative cryptocurrencies. Whether Uzi’s forecast pans out or not, the whale’s seven-figure buy-in suggests tremendous conviction in BRETT’s long-term viability. Only continued price and on-chain activity will determine if this bet proves prescient.

Read also: This Concept Predicts Kaspa to Hit $30: Will Bitcoin’s Rally Ignite KAS Price Surge? 

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The post Whale Makes Millions Bet on BRETT as Price Soars: Trader Predicts 80X Gains for the Meme Coin appeared first on CaptainAltcoin.

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