In a bold move, a major crypto whale has turned attention to $BEAM, spending 1,458 $WSTETH (worth $6.7 million) in the last 29 hours to acquire 189.55 million $BEAM tokens at an average price of $0.03515.
This purchase is part of a broader $35.7 million spree that began on December 1, with investments in four tokens:
– $FTM: 10.245 million tokens bought for $13.5M (current loss: $181K)
– $PEPE: 531.7 billion tokens acquired for $11.04M (current profit: $1.94M)
– $BEAM: 189.55 million tokens purchased for $6.7M (current profit: $91.4K)
– $AERO: 2.453 million tokens bought for $4.43M (current profit: $699K)
The timing is strategic, as $BEAM’s highly anticipated node sale mint is set for next week. Here’s why validators and stakers might find $BEAM an enticing opportunity:
Validators (node owners) gain rewards in premium tokens like $ATH, $ZENT, and $TON through grants and treasury contributions, offering significant passive income potential.
Node operators receive additional rewards from Beam Ventures and Tactical Compute, tied to BEAM’s expansion into global markets like Abu Dhabi and sectors like AI.
Validators will earn gas fees as BEAM launches its L1 blockchain, powered by Avalanche Etna, with the Horizon upgrade arriving in Q1 2025.
Earnings extend to protocol fees, including marketplace, BeamSwap, and Beam Bridge fees, with node stakers receiving 80% of these rewards.
Running nodes not only decentralizes and secures the network but also aligns participants with BEAM’s mission of organic community-driven growth.
Becoming a validator isn’t just about rewards; it’s about taking ownership of the network and treasury while gaining passive ROI. With BEAM’s ecosystem expanding rapidly, node ownership offers a unique opportunity for long-term investors.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Base, driven by SocialFi narratives, AI innovations, and the power of memes, has emerged as…
AAVE has surged past $300 for the first time in over three years, fueled by…
Lombard Finance has achieved a remarkable milestone with its LBTC token, surpassing 13,000 in total…
In 2024, Solana solidified its position as the premier blockchain ecosystem for attracting new developers,…
Chainlink (LINK) has surged past the $29 mark for the first time in over three…
Bitcoin’s price surge is attracting a shift in capital flow, with long-term holders selling to…