In the fast-paced world of Bitcoin and altcoin projects, large transactions and whale activity often make waves. In the last 24 hours, several significant transactions were detected involving leading cryptocurrencies such as ARKM, ETH, BLZ, and LDO. Let’s examine the details of these remarkable movements…
ARKM is being withdrawn from Binance
On October 21, addresses starting with 0x015 experienced a significant withdrawal of altcoins from Binance, according to tracking data from The Data Nerd. cryptokoin.com As we reported, a total of 10 million ARKM tokens were withdrawn at an average price of $0.308, which equates to approximately $3.08 million. This large-scale pullback highlights some investors’ confidence in ARKM’s potential.
Aggressive Ethereum buying attracted attention
Also on October 22, on-chain data analyst Ember reported an intriguing case of the activities of a crypto whale. This whale initially spent $6 million to buy 3,700 altcoins and made another significant purchase of 7,373 ETH in the last 20 minutes, worth approximately $12 million. This aggressive investment strategy coincides with ETH’s recent price increase, rising 4.28 percent to $1,627 in just two days.
Altcoin whales are buying BLZ on Binance
The whale address starting with 0xe8f made a significant move in the BLZ market. This address transferred 11.1 million altcoins, equivalent to $2.06 million, from Binance just nine hours ago. He is currently the largest individual holder of BLZ with 63.92 million BLZ worth $11.82 million. This means it owns 12.8% of the total supply, making an estimated profit of $5.25 million (a remarkable 77.4% gain, not all of which is realized). BLZ token distribution appears to be quite concentrated, with two whale addresses, 0xe8f and 0xbf2, jointly owning 24.2% of the total supply.
Altcoin LDO is in the focus of corporates
Finally, institutional cryptocurrency trading platform FalconX has been accumulating Lido Finance (LDO) tokens, as Lookonchain data previously showed. However, this is not the only player in the game. Amber, another institutional cryptocurrency whale, has also joined the LDO token hoarders. An Amber-linked cryptocurrency wallet accumulated 1.8 million LDO altcoin projects worth $1.19 million on Binance yesterday. Additionally, Amber has been steadily accumulating LDO tokens since August 18, with a total of 4.46 million LDO tokens worth $6.78 million. This concerted institutional interest in LDO demonstrates growing confidence in the asset and its potential.
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