Global algorithmic trading company Wintermute Trading has transferred a large amount of Blur (BLUR) to centralized exchanges today. The trades came during the times when the Blur price rallied in the double digits. Meanwhile, whales are busy collecting 6 altcoins…
Wintermute Trading sends 10 million BLUR to Kraken
According to Lookonchain’s report, the company pulled 10 million BLURs worth about $4.2 million from Coinbase today. He then sent them to the Kraken wallet. After the BLUR rally, the algorithmic trading company deposited another 2.1 million BLUR worth $895,000 in Coinbase.
Blur price jumps 30% on news of Upbit listing
Wintermute Trading, which was active during the rally, intensified its transactions during the hours when Korean exchange Upbit listed Blur. As of June 27, there has been a boom in trading activity involving BLUR in the Korean market. The listing announcement was followed by a spike in BLUR price and over 1000% increase in trading volume.
Wintermute Trading’s recent transactions, combined with previous withdrawals from exchanges such as Coinbase, Bitfinex, and Gate.io, has led to speculation regarding BLUR intentions. Market watchers are now questioning whether Wintermute will sell their BLUR investments at this point. While BLUR faces million dollar selling risk, whales are increasing their buying activity in 6 altcoins, according to data.
Whales collect these 6 altcoins
Ethereum (ETH)
According to data from Santiment, Ethereum is being quickly moved by whales to non-exchange wallets. The analytics firm tweeted yesterday, “Ethereum has remained volatile today as the bulls and bears battled around $1,900. Meanwhile, the largest non-exchange addresses continue to prosper, while the vacancy of the largest exchange addresses is noticeable. ETH supply on exchanges has dropped to 9.2%,” he wrote. Whales who have recently collected ETH are currently busy withdrawing their assets into their own wallets.
Arbitrum (ARB)
Lookonchain also noted in a report that 2 whales that have been dormant for several months have recently transacted with Arbitrum (ARB). Shortly after these transactions, the price of the crypto began to rise. Reports indicate that the whale named “0x1b67” pulled 450,881 ARBs worth about $504k from Binance over the weekend.
Meanwhile, another whale named “0x3737” purchased 1.57 million ARBs on June 20, 2023 at an average of $1.07. In return, he spent 939 Ethereum (ETH) worth $1.68 million. Lookonchain questions transactions, “When a sleeping whale wakes up and buys a coin, it must know something in advance.”
Dogecoin (DOGE)
In another operation, Whale Alert detected two different whale transfers, each carrying two billion DOGE. These were equivalent to $126.4 and $134 million, respectively. Meanwhile, Dogecoin’s trading volume is up 20%. The massive funds were moved over the weekend after Robinhood learned that it had increased its DOGE stash by approximately 11%.
LDO, PERP and MASK
Lastly, Lookonchain reported that the famous crypto company Jump Trading was only interested in 4 altcoins during the past week. These; Mask Network (MASK), Lido DAO (LDO), LeverFi (LEVER), and Perpetual Protocol (PERP). On-chain data shows the company has made over 1 million purchases each. cryptocoin.com As we have reported, the acquisitions of the company took place just before the market rally.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and Instagramfollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.