Recently, whales have taken action for cryptocurrencies such as DYDX, GRT, PEPE, WOJAK. Here are the details…
DYDX and GRT face massive whale sale
Data from Lookonchain shows that DYDX and GRT have recorded price drops from significant sales from whales. The platform revealed in separate tweets that Wintermute Trading has repeatedly deposited large amounts of DYDX on exchanges prior to the sale. The first deposit Lookonchain observed was a transaction involving 653,295 DYDX, equivalent to $1.37 million that Wintermute Trading transferred to centralized exchanges. After the transfer, 2.5 million DYDX, worth $5.26 million, remained in the institution’s portfolio. A few hours later, Lookonchain observed that Wintermute Trading had completed another major transaction involving the transfer of 2.6 million DYDX, equivalent to $5.08 million, to centralized exchanges. As of the time Lookonchain tweeted, the DYDX price had dropped 8.5 percent after Wintermute Trading timing the initial deposit.
Lookonchain reported a similar scenario with the GRT token. However, in the case of GRT, the analysis platform observed that multiple whales performed significant transactions that led to the sale. Lookonchain tweeted that the whale “0xde32” has deposited 6 million GRT, equivalent to $776,000, on the Binance exchange. After the deposit, Whale sold 750,000 GRT worth $100,000 on a decentralized exchange (DEX) via another wallet. The impact of the sale led to a 10% drop in the price of GRT, and Lookonchain noted that the whale currently holds 3.22 million GRT, equivalent to $416,000 in wallet, and 25.3 million GRT worth $3.25 million in a staked account. Alongside the first whale, Lookonchain also tweeted about two other whales that have invested substantial amounts of GRT in exchanges. These whales transferred 6.8 million GRT tokens worth $886,000 to the KuCoin exchange.
PEPE and WOJAK processes attracted attention
According to 0xScope, the new address starting with 0x9df started selling PEPE on Uniswap 30 minutes ago. Data previously reported that this address had withdrawn 945 billion PEPE, worth approximately $1.64 million, from Binance earlier today.
Also, according to Spot On Chain data, the smart coin address of the meme coin transaction starting with 0x22ae sold 2.8 million WOJAKs 3 hours ago. It immediately bought 527 million PEPE2.0. The address is reported to be good at trading meme coin and has earned $1.18 million in profits so far by trading SHIB, PEPE and WOJAK.
SHIB, MATIC and ETH whales in action
Etherscan.io data reveals that the 20th largest SHIB whale added 157.72 billion SHIB worth $1.22 million to its wallet in a single transaction. The transaction took place about 11 hours ago. This is Whale’s second major purchase in the past week. On June 29, it bought 183.95 billion SHIB for $1.42 million. In total, Whale has spent $2.64 million purchasing 341.67 billion SHIBs in the past seven days. The whale currently holds 5.96 trillion SHIB in its wallet worth $45.83 million.
On the other hand, according to data provided by Greeks.live, a leading analytics platform, ETH has observed a significant increase in block calls, especially centered around the Buy-DEC-2200C/2400C and Sell-DEC-3000C bull spreads. Remarkably, over 12,500 sets were traded, corresponding to a staggering face value of over $50 million.
Finally, Polygon (MATIC) is seeing a huge increase in large trading volume, recording a 2,930 percent increase in the last 24 hours, according to data from IntoTheBlock. MATIC’s large trading volume amounted to $163 million. The large trading volume indicator, by definition, provides an estimate of the total amount traded by whales and institutional investors on a given day. Large transactions are defined by IntoTheBlock as transfers of more than $100,000, and an increase may indicate that institutional players or whales are actively buying or selling. Polygon has been on a steady rise since June 29 and is green for the fourth consecutive day. MATIC rallied to a three-week high of $0.721 on July 3 before falling slightly.
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