Rock musician Gene Simmons bought ether for $300,000

by in Cryptocurrency News

Gene Simmons

Many celebrities not only pay attention to cryptocurrencies but also invest part of their capital in them.

For example, rapper Robert Bryson Hall, acting under the pseudonym Logic, announced in the fall of last year that he had bought bitcoins. However, he did not specify exactly how much he sent to buy the cryptocurrency.

Rock musician Gene Simmons tweeted late last week that he invested $ 300,000 in Ether (ETH).

The leader of the Kiss group purchased the cryptocurrency on the Gemini exchange. The twins Tyler and Cameron Winklevoss helped him in this. According to the musician, he acquired ETH about four months ago.

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Today, ether is trading at around $ 1,795. According to Santiment analysts, the largest altcoin this week could still break above $ 2,000 as the accumulation of ETH continues.

According to this team, the stock exchange balance of ether belonging to the "whales" fell to the lowest in the last 27 months. This trend suggests that large investors do not intend to sell altcoin, but, on the contrary, continue to accumulate ETH.

The researchers at Glassnode came to a similar conclusion. They found that the number of Ethereum addresses with 10,000 coins or more reached their highest level since May 2019.