According to on-chain data, a huge cryptocurrency whale has been making large purchases on Binance since October and sending the coins to its own wallet.
Giant Whale Accumulating dYdX (DYDX) Altcoin From Cryptocurrency Exchange Binance Since October
The whale in question has been on Binance regularly since October 18, 2022. dYdX (DYDX) buys altcoin.
Whale made its last purchase on January 20, purchasing approximately $1 million worth of altcoins.
The whale, which has purchased a total of 9.5 million dYdX tokens since October, has a total of $21.2 million in dYdX tokens.
On average, the whale has made purchases since October at $1.62. At the time of writing, the dYdX altcoin price is trading at $2.24, down 2.28% in the last 24 hours.
It is noteworthy that the last purchase of the whale came just before the recent rise experienced by the dYdX token.
When the other assets of the whale in question are examined on the Blockchain explorer, it is seen that the total amount of crypto money kept in his wallet is approximately $ 26.5 million.
Approximately $21.2 million in dYdX tokens, as well as $4.6 million Ethereum Name Service (ENS) and $550,000 stablecoins USD Coin (USDC) drew attention.
The dYdX token recently faced a major unlock event. However, the altcoin team delayed this unlock event to the end of the year, causing a surge in the price of the token.
*Not investment advice.
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