The cryptocurrency market has been shaken by large transfers made by whales in the last 24 hours. These transfers, which are followed by on-chain data analysts, are important as they show important investor movements and possible trends in the market. Coins such as LINK coin and MATIC attract attention. Here are the details…
Mobility in MATIC and LDO
An unidentified whale withdrew 2.6 million MATIC from Coinbase Prime, equivalent to $2.11 million. This marks the first time Whale has withdrawn MATIC from a centralized exchange. This may indicate that the whale has faith in MATIC and a long-term investment plan. A different whale appears to have deposited 983.09 thousand LDO, worth approximately $2.8 million, into the Binance 14 wallet. This whale purchased LDO tokens from FTX 1 year and 2 months ago at an average price of $1.51. LDO price is currently trading at $2.81. So the data means that the whale made an 86% profit on his investment.
A whale with address 0xbfa deposited 46.94 million SAND worth $20.58 million to the Binance deposit address. Tokens are gone from The Sandbox official developer wallets. The address still holds 492 thousand SANDs worth 215 thousand dollars. This transfer may indicate the whale’s belief in The Sandbox and his interest in the metaverse. The whale with the short address 0xbec withdrew 7.38 thousand ETH from Binance, equivalent to 17.07 million dollars. The address has withdrawn a total of 8.36 thousand ETH worth $19.34 million from central exchanges through 2 transactions in the last 5 days. So, this seems to show that the whale has confidence in ETH and that it is a long-term investment.
USDT withdrawal from DWF Labs and movements of the LINK coin whale
Market making company DWF Labs withdrew 1 million USDT from Bitfinex wallet. In total, the company withdrawn 2.64 million USDT from central exchanges in 7 transactions in the last 4 days. Finally, according to tracking by on-chain data analyst @ai_9684xtpa, a LINK whale deposited 400 ETH to Binance 4 hours ago and transferred 69,999 LINK from Binance 5 minutes ago. The value of this transfer is $1.24 million. It is stated that the whale bought LINK at $17.7 and currently holds 270,000 LINK. According to reports, the same whale purchased 895,000 LINK in December 2023 at an average price of $12.75. Additionally, between January 3-11, it sold 695,000 LINK for an average of $13.93. Thus, he made a profit of $820,000.
The large transfers made by whales in the last 24 hours show that there are significant investor movements in the cryptocurrency market. These transfers reveal the interest in cryptocurrencies such as MATIC, LDO, SAND, ETH and LINK and the long-term investment plans of investors. This news is compiled from on-chain data and current market information. It is not investment advice. The cryptocurrency market is quite risky and it is important to do detailed research before investing.
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