There was high activity in the cryptocurrency market on December 25. There have been several notable transactions in cryptocurrencies such as IMX. Observations by The Data Nerd, on-chain analysts, and Ember revealed significant withdrawals from wallets associated with Anchorage Digital, Wintermute, and other organizations. Here are the details of these interesting transactions that emerged today…
They withdrew 2.43 million IMX and 400,000 WLD from Binance
Three new wallets affiliated with Anchorage Digital processed a total of 2.43 million Immutable X (IMX) withdrawals from Binance, equivalent to approximately $5.88 million, just 18 hours ago, The Data Nerd observes. This sudden move raises questions about the motivations behind such significant withdrawals and the potential impact on the IMX market.
On the other hand, The Data Nerd’s observation dated December 25 highlights that Wintermute withdrew 400,000 Worldcoin (WLD) from Binance just an hour ago at a price of $3.45 per unit. Notably, following a significant 88% price increase a week ago, the three market makers collectively refunded 9.65 million WLD (approximately $34.1 million) back to Worldcoin. This dynamic activity sheds light on the evolving landscape of market maker strategies in the cryptocurrency space.
Mobility in MKR and AAVE
Tracking by on-chain analyst @ai_9684xtpa on December 25 revealed that a newly identified address (starting with 0x04e) collected a total of $7.82 million in value on Maker (MKR) and Aave (AAVE) over the past 10 hours. Tokens were transferred from Binance in batches with specific details indicating intent to sell, including 2,251 MKR (valued at $3.14 million) with a transfer price of $1,384 and 47,000 AAVE (valued at $4.67 million) at a transfer price of $99.
Additionally, Ember’s data on December 25 revealed a newly created address that attracted 47,096 AAVE (approximately $4.7 million) and 2,251 MKR (approximately $3.15 million) from Binance just 8 hours earlier. The sudden movement of these assets leads to speculation about the reasons behind the large-scale withdrawal from this newly established address.
Major investor pulls LDO through Amber Group
Another analysis by Ember highlighted a specific address that had accumulated 10.88 million Lido DAO (LDO) tokens from Binance via Amber Group, amounting to $28.53 million, since the market crash on August 18. The current LDO price of $2.67 reflects a significant increase from $1.63 on August 18th, resulting in a variable profit of $6.4 million (+29%) for the address.
Cryptocurrency transactions on Christmas Day exhibited a flurry of activity, with major wallets withdrawing significant amounts of funds from various crypto assets. While the crypto community awaits further developments, the significance of these transactions continues to be a focus for analysts and enthusiasts alike.
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