Three Whale Addresses Transfer Large Amounts of Altcoins to Binance!

In the fast-paced world of altcoin projects, significant transactions often attract the attention of investors and enthusiasts. In recent developments, three whale addresses made significant transfers to popular cryptocurrency exchange Binance, according to data from The Data Nerd. Here are the details…

DWF Labs transferred BICO assets to Binance

On September 29, The Data Nerd’s monitoring system detected a significant transaction involving DWF Labs. The company received a significant sum of 2.1 million BICO tokens, worth approximately $525,000. These tokens were then deposited to Binance.

Whale address spurred altcoin ARB into action

On the other hand, September 30 brought more excitement when the whale address starting with 0x9e7 deposited 932,500 ARB tokens to Binance, amounting to approximately $842,000. It is noteworthy that these tokens were withdrawn from a centralized exchange (CEX) when the ARB price was at $1.25 five months ago. This address has been on a deposit spree, depositing a total of 3.82 million ARB tokens worth approximately $3.47 million in the past month alone. Impressively, it currently holds 1.51 million ARB tokens, worth approximately $1.36 million. This series of transactions resulted in a significant profit of $4.77 million, representing a 32% return on investment for the address.

Whale address deposited MKR to Binance

Finally, about four hours ago, the whale address starting with 0x475 was activated. Another significant transaction occurred when this address deposited 5,000 MKR tokens to Binance, equivalent to approximately $7.29 million. Notably, the price of MKR at the time of deposit was approximately $1,458. This address had previously withdrawn 13,520 MKR tokens, worth approximately $15.1 million, from Binance just a month ago when the price of MKR was $1,120. Remarkably, the address still holds 5,000 MKR tokens. It represents a significant profit of $4.77 million from these transactions, providing an impressive return on investment of 32%.

These developments in the cryptocurrency market demonstrate the influence and strategic moves made by major holders of crypto assets. The crypto community is eagerly watching as these whale addresses continue to make waves in the Blockchain. It also leaves investors and enthusiasts speculating about their next move. As the market evolves, such transactions are likely to continue to be a focus of interest for traders worldwide. It is important to note that motivations behind whale movements can vary greatly and remain speculative in most cases. Because whales may have taken action due to factors such as profit making and portfolio diversification.

To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.

source site-1