Whales Are Selling These 3 Altcoin Projects: Collecting These 2!

0

In the dynamic world of cryptocurrency, whales continue to make headlines with their high-stakes maneuvers. Today we will bring you the latest updates on some important whale activities that are creating controversy in the altcoin community. Here are the details…

Bailna sold UNI and MKR

A few hours ago, according to data from EmberCN, a whale made a transfer, having previously sold UNI tokens at a loss and changed positions in Maker (MKR). 2,799,273 OP tokens, equivalent to approximately $3.65 million, were moved to Binance. It is worth noting that these OP tokens were withdrawn from Binance on August 7 at a price of $1.8. This move resulted in a significant loss of $1.38 million, representing a 27 percent loss. Previously, on September 28, the same whale address sold 335,616 UNI with a loss of 895 ETH (approximately $1.43 million). He then used the proceeds to purchase 958 MKR. Losses continued to mount as Whale withdrew 335,616 UNI worth $190,000 from Binance on August 7, losing $535,000.

Whales stake ETH

In another interesting development, two whale addresses made significant moves regarding Ethereum (ETH). A total of 30,000 ETH, worth approximately $49.28 million, were withdrawn from centralized exchanges (CEX) yesterday and then deposited for staking purposes just a few hours ago.

  • After withdrawing 20,000 ETH via KuCoin, address 0x44a deposited them as stakes through Abyss Finance, and this transaction was completed within 10 hours.
  • Address 0xf30 withdrew 10,000 ETH from Binance via address 0xACc and then staked these funds via P2P.org within 7 hours.

Whale is accumulating altcoin MKR

Tracking data from Lookonchain reveals that an address starting with 0x14cE has been steadily accumulating Maker (MKR) tokens for the past three months. This whale currently has an impressive total of 36,126 MKR, which is approximately $52 million. Notably, a significant portion of this MKR was purchased from Binance via FalconX, which facilitated the withdrawal of 32,793 MKR worth approximately $40.66 million at an average price of $1,240 over the last three months. This accumulation pushed the address to become the fourth largest MKR holder.

WLD assets are on the rise

A new development on October 7 shows that address 0x8d7 increased its WLD token holdings for the first time, according to Spot On Chain tracking. The address attracted 468,279 WLD from Binance, worth approximately $774,000 in total, at an average price of $1,653. Currently, WLD was trading at $1.65, reflecting a 24-hour increase of 7.56 percent. The motivations behind this move were not disclosed. It left the crypto community wondering about the intentions of this address.

Altcoin whale made massive SAND transfer

Finally, according to Lookonchain tracking, another whale address starting with 0x73b4 made a significant move just three hours ago by transferring 28.46 million SAND tokens to Binance and OKX. This transfer is worth approximately $8.57 million. Notably, the last date this address deposited a significant amount of SAND to trading platforms was August 10, before a significant price drop of approximately 30% occurred. Transferring altcoins to the exchange usually indicates a sale. Therefore, this transfer is of great importance.

Whales continue to make waves in the cryptocurrency market. Meanwhile, their actions and strategies remain the subject of intense interest and speculation among crypto enthusiasts. These latest developments highlight the ever-evolving landscape of cryptocurrency, where large-scale movements can significantly impact market dynamics.

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


source site-1