In the dynamic world of cryptocurrencies, transactions with whale addresses have recently attracted the attention of the crypto community. Tracking tools such as Lookonchain and Scopescan reported significant movements on Ethereum (ETH), AUCTION tokens, MKR, and the intriguing BONK. Let’s take a look at the details of these transactions, which caused the crypto world to be filled with speculations.
The sleeping ETH whale woke up
A dormant whale address that had been silent for a year came to life on December 16, according to Lookonchain tracking. This whale is actively selling Ethereum (ETH) on-chain, having currently sold 18,865 ETH through four new wallets. The total value of these transactions amounts to an impressive $42 million DAI with an average selling price of $2,229 per ETH. Remarkably, the address still has 5,588 ETH worth approximately $12.5 million, indicating further potential moves.
AUCTION moved from Coinbase
Scopescan data monitoring revealed another interesting development on December 16. A whale address conducted a significant withdrawal of 57,300 AUCTION tokens from Coinbase in the last 14 hours, equivalent to approximately $1.72 million. The volume of this transaction raises questions about the whale’s intentions and strategies behind this move.
Balina suffered a loss in the UNI and MKR transaction
On the other hand, Ember sheds light on a strategic move with a whale address on December 16. This trader, who had previously sold his UNI position at a loss on September 28, purchased 958 MKR (worth approximately $1.26 million) and transferred it to Bitcoin. Binance. The estimated loss in this transaction is reportedly $180,000. The decision to switch assets demonstrates the calculated risks experienced investors take when navigating the volatile crypto market.
Profit with BONK
Celebrating the success of a patient and smart investor, Lookonchain shares an exciting story of savings and profits. After ten months of accumulation of patience, the trader took advantage of the rise in the BONK dollar. The trader sold $48 billion of BONK for 17,677 SOL after Binance announced that it was listing BONK, making a total of $1.36 million. Currently holding $274.4 billion worth of BONK worth $8.33 million, the total profit from this strategic move exceeded a staggering $9 million.
These latest whale transactions highlight the complexity and excitement in the cryptocurrency space. While investors and enthusiasts eagerly await further developments, the crypto market continues to demonstrate its resilience and capacity to withstand unexpected changes and turns.
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