Hours before Ethereum’s Shanghai rise, whale transactions for liquid staking protocols are exploding. In one of them, a large amount of LDO was transferred to Binance. Staking-focused altcoin is on the red list of multiple companies…
Dragonfly transfers 461,000 LDOs to Binance
Crypto venture fund Dragonfly Capital transferred 461,000 LDO (about $1.05 million) to Binance about 5 hours ago, according to Lookonchain data. The company still has 8.62 million LDOs (about $2 million) in its wallet.
Analysts say that an ideal opportunity for short investors may arise if Dragonfly Capital sells the LDOs it transferred to Binance. LDO price is currently losing more than 5% intraday. While the Dragonfly sale is not yet clear, April 12 was a day when whales were selling LDOs, possibly due to the Ethereum Shanghai rise…
cryptocoin.com We have included the LDO sales made by Blockchain Capital earlier today in this article.
Ethereum-based liquid staking altcoin projects under selling pressure
A huge whale address borrowed 1,500 ETH on the Aave platform, converting it to 1,503.75 stETH, according to Lookonchian data. It also borrowed 300,000 USDC and bought RPL 6,959 at an average price of $43.11.
According to the report, the whale “seems to be bullish on the Ethereum Shanghai upgrade and LSD tokens.” Transactions come ahead of the Shanghai upgrade, which will be implemented at midnight on April 12, when a large amount of ETH staked will be released in December 2020.
Giant whale address transfers 11,000 BTC to Bitfinex
According to Lookonchian data, a giant whale address transferred 11 thousand BTC worth about $ 330 million to the Bitfinex exchange recently. The data shows that the giant whale address has previously transferred 25,499 of 46,542 BTC, with a total value of $935 million, at an average price of $20,083 (from the LUNA storm on June 22 to the beginning of this year). Currently there are still 10,042 BTC (approximately US$304 million) at the address.
Altcoin whales buy million as SHIB price soars
According to data shared by Etherscan, several large Shiba Inu transactions have been detected in the past few hours, moving around 35 billion SHIB. These investors are buying billions of SHIBs; Two of these transfers carried more than 10.37 billion SHIB each. One of these transactions was made on the Coinbase exchange.
The third transfer moved over 11 billion Shiba Inu and the last transfer again transferred 2.1 billion SHIB from a Coinbase wallet.
XRP whale transactions soar as SEC lawsuit heats up
In the last whale transaction, Whale Alert reported that more than 467 million XRP (worth approximately $235 million) were moved in multiple transfers. The largest transaction recorded by the tracker was the transfer, which moved 177 million XRP (worth approximately $91.7 million) to an anonymous wallet.
Whales bought about 83 million XRP (worth about $43 million) in multiple transactions. The largest recorded transaction was to add 50 million XRP (worth approximately $26 million) from crypto exchange Cryptocom.
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