A newly created Ethereum wallet — runecrypto.eth — spent 34.7 ETH, worth roughly $81,400, to acquire 375,046 SATO tokens. The position has since appreciated to over $524,000, putting the holder up approximately $443,000 in unrealised gains.
Speculation in on-chain circles is pointing to the wallet as potentially belonging to RuneCrypto_, a known crypto personality, though no confirmation has emerged. The wallet address 0x8f14eafbdca23972baf19269177fe5af3bcf8985 is newly created, which has added to the intrigue around the timing and sizing of the buy.
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