Recently, altcoin projects and amounts withdrawn from exchanges by various large investors have attracted attention. In addition to the million transactions of the FalconX Wintermute wallet, Justin Sun, the inventor of the TRON Blockchain, made 764 thousand MATIC withdrawals via Binance. Here are the details…
FalconX added these coins to its portfolio
In a strategic move to capitalize on the booming altcoin market, FalconX, a leading institutional player, recently made significant investments in three altcoins, as reported by on-chain analytics platform Lookonchain. Over the past 7 days, FalconX has strategically traded 10 million Immutable (IMX) tokens worth approximately $12 million, 3.4 million Lido Finance (LDO) tokens worth $7.4 million, and 4.23 million Polygon (MATIC) tokens worth $3.86 million. ) purchased tokens.
FalconX chose a phased approach to complete its altcoin purchases by executing these transactions on the Binance cryptocurrency exchange. This move adds to FalconX’s already diverse cryptocurrency portfolio, according to DeBank data. In the cryptocurrency wallet of the corporate platform, there are now $32 million worth of Ethereum (ETH), $12 million worth of IMX, $10 million worth of Tether (USDT), $8 million worth of USD Coin (USDC), $5.7 million worth of LDO, 4, There is Optimism (OP) worth $2 million, BNB worth $3.3 million, Chainlink (LINK) worth $2.3 million, and various other altcoins.
Wintermute shot YGG
Separately, on November 14, The Data Nerd highlighted significant activity involving the Wintermute address. Just 22 hours ago, this address withdrew 2.5 million YGG tokens from Kraken, equivalent to approximately $1.03 million. Additionally, the same address received 815,500 YGG tokens transferred from the Yield Guild Games treasury wallet four days ago.
Justin Sun withdraws million-dollar MATIC investment
Meanwhile, on the same day, PeckShield monitoring reported a significant withdrawal from Justin Sun’s address. A total of 764,740 MATIC tokens, worth approximately $479,700, were withdrawn from Binance just five minutes ago. These latest moves by FalconX, Wintermute, and Justin Sun underscore the dynamic nature of the cryptocurrency market, where institutional investors and leading names are actively navigating the evolving landscape to optimize their portfolios and seize emerging opportunities. As the crypto space continues to mature, such strategic maneuvers are expected to play a significant role in shaping market trends and influencing investor sentiment.
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