The cryptocurrency market, including cryptocurrencies such as FLOKI coin, has witnessed intense whale movements in the last 24 hours. While large investors rearranged their portfolios by buying and selling various altcoins, some whales preferred to profit from the recent rises. Here’s what happened…
PEPE, PENDLE and ETH whales took action
A whale who bought a large amount of PEPE 3 weeks ago transferred 394.6 billion PEPE to Binance on May 9. This transaction earned the whale $3.27 million. Balina seems to be quite successful in PEPE investments. It has made a total profit of $1,503 million from five different PEPE investments in the last three months, achieving a 100 percent success rate.
On the other hand, institutional investment firm Arca once again sold altcoins at a loss. Arca deposited 549 thousand PENDLE worth $2.66 million to Binance on May 9. While the company bought PENDLE at an average price of $6.56, it sold it at $4.85. He lost 940 thousand dollars from this transaction. Arca has a total loss of 3.7 million dollars from its altcoin investments.
Additionally, an ETH whale withdrew 6029 ETH (approximately $18.07 million) from OKX on May 9 and deposited it all on Lido and Aave. This investment shows the whale’s belief in ETH and long-term investment plans. Besides this, one long ETH whale has accumulated 10,758 ETH (approximately $32.14 million) from Binance since May 2. Whale exchanged ETH for stETH and deposited it to Aave. He then borrowed $28.5 million worth of stablecoins from Aave to buy more ETH.
FRONT, FLOKI coin and FRIEND investors are on the agenda
In other news, a crypto whale purchased 8.94 million FRONT from Binance, Gate.io, OKX, and KuCoin exchanges for approximately $0.955 in the last two weeks. FRONT gained 119 percent in value in the last week and rose to $1.72. The whale has an unrealized profit of $6.7 million. Whale transferred FRONTs to seventeen addresses, which means he may be ready to sell.
On the other hand, social media phenomenon Machi Big Brother purchased millions of dollars’ worth of FRIEND in the last week. On May 9, he purchased 617,609 FRIENDs worth $1.44 million for $2.34. Machi Big Brother has a total investment of 2.8 million FRIENDs. FRIEND has lost 12 percent of its value in the last 24 hours and is trading at $ 1.95. Finally, a whale address withdrew 18.76 billion FLOKI (approximately $3.28 million) from KuCoin, OKX and Gate on May 9.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!