In the fast-paced world of cryptocurrency, whales continue to make headlines with their high-stakes LINK, PEPE and various altcoin maneuvers. In recent developments, several notable whale transactions have caught the attention of crypto enthusiasts and market watchers.
Whale 1: LINK trading of 0x56b
A cryptocurrency whale identified by wallet address 0x56b recently made a significant deposit to Coinbase. This whale deposited 500,000 LINK tokens worth $5.83 million at a price of $11.66 per LINK. Notably, this isn’t the first leap 0x56b has made with LINK. Last year, this whale accumulated 1.02 million LINK with an average purchase price of $7.64. These tokens were sold at an average price of $11.41, generating revenue of approximately $6 million and a tidy profit of approximately $1.98 million. As of now, 0x56b still has 500,000 LINK worth $5.87 million and its unrealized profit is around $1.99 million. In total, whale LINK made a profit of $3.98 million from its trades, a significant gain of 50.7%. Currently, LINK is trading at $12.20, up 58% in the past month.
Whale 2: 0x373’s PEPE adventure
On November 5, the whale address starting with 0x373 made a significant move, spending 817 ETH (equivalent to $1.39 million) to acquire a staggering 1.29 trillion PEPE tokens. However, it was a mixed trade for the whale as he made a $1.3 million loss on ARB but managed to make a $423,000 profit on MKR.
Whale 3-4: ETH moves
Another whale, known by the wallet address 0xb15, showed impressive transaction activity on November 5. The whale contributed to a number of ETH withdrawals, withdrawing 8,618 ETH (approximately $15.95 million) from Binance at an average price of $1,850 USD. Over the past 24 hours, this whale has withdrawn a total of 17,316 ETH from Binance, worth $31.8 million, at an average price of $1,838. This latest transaction marks the 8th ongoing ETH transaction for whale 0xb15.
On the other hand, according to on-chain analyst Ember, a significant ETH transaction took place just 45 minutes ago. An address associated with a whale/organization address totaling 98,000 ETH transferred a significant amount of ETH from OKX and Huobi to Binance. This address has transferred a total of 67,300 ETH, equivalent to 123.65 million USD, to Binance since July 26 at an average price of 1,837 USD. Notably, from December 2021 to March 2022, the average purchase price of ETH from OKX and Huobi was as high as $3,693.
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