While the first digital assets in this sector approach their appropriate historical heights, the crypt of whales on the market make significant movements. The most important of these transactions is an impressive amount of $ 210 million. Here is a detailed analysis of transactions of this whale.
Crypto whales take advantage of the benefits of the bull market
Data on the string shows that whales actively exchange Ethereum (ETH). This interest in the second largest cryptocurrency arises, while the course of ETH continues to rise and remains only 11.8 % of its historical summit (ATH).
According to onchain lenses, the largest transaction included a whale crypt or an institutional entity that bought 49,533 ETH worth $ 210.68 million. The purchase was made through Galaxy Digital, Falconx and Bitgo.
This Ethereum whale now has 221 166 ETH, worth $ 940.73 million, spreading into six different wallets. In parallel, Arthur Hayes, Maelstrom IOC, have a more diverse approach. He won a total of $ 6.85 million. This included:
- 1 250 ETH, worth $ 5.29 million.
- 424 000 Lido Dao (LDO), worth $ 550,000.
- 420 000 ether.fi (ETHFI), worth $ 510,000.
- 92,000 pendle tokens (pendle), worth $ 500,000.
These purchases reflect the size of the addition to its cryptomobil with wallet and focus mainly on Ethereum assets.
“On August 2, he thought the BTC would drop to $ 100,000 and ETH for $ 3,000, so he sold the tokens ETH and ETH ecosystem that he bought in July, including ENA, Aave, Ethi and Pepe,” wrote Embercn analyst.
In addition to purchases, some whales create storing their assets to obtain additional revenues. Whale, identified by the address 0XA5E … EDA0, which remained inactive for three years, share 4 736 ETH, worth $ 19.84 million.
This whale collected ETH for $ 9.12 million about $ 4-5 years ago. The investor made approximately $ 10.7 million. Similarly, another whale, 0x1FC… AED5, withdrew 2 009 ETH worth $ 8.53 million from Binance for Staketa.
“Over the last 2 months, Binance has been removed from a total of 10,999 ETH ($ 46.69 million) to be set in Eigenlayer and ETH2.0. Currently, it generates a profit of $ 13.53 million,” Onchain added in the post.
In parallel, some whales preferred to continue sales. The team investment fund sold 5,000 ETH for an average price of $ 4,225. This was then converted to 21.07 million USDC.
The company sold $ 6.45 million 1 inch tokens at an average price of $ 0.28, which generated $ 1.8 million. These sales showed a profit of $ 8.36 million.
This suggests that the team uses the current Haussier market with a profit strategy. The hackers of the endless bank of Stablecoin also sold a large amount of ETH.
“An endless striker has now sold another 1,771 ETH ($ 7.44 million) to $ 4,202. 24 February operated @0xinfini, a 49.5 million USD steering wheel for buying $ 17,696 for $ 2,798. Tornadocash 17.
In addition to Ethereum, other cryptocurrencies are also interested in large investors. Whale 0xC9D… 642 borrowed 20 million USDC to Aave, transferred funds to Kraken and gained 109.6 WBTC worth $ 12.91 million.
“This whale uses a loop strategy to buy WBTC via Aave. It currently accumulated a total of $ 603.5 WBTC ($ 71.62 million), with an average cost of approximately $ 90,382,” Engercn said.
After a month of inactivity, another whale crypt pulled 274.22 bitcoins (BTC), worth approximately $ 32 million, from binance. In addition, Galaxy Digital transferred 224 000 Solana (land) worth around $ 41.12 million, this verse two centralized stock exchanges, binance and coinbase, arousing on massive sales.
In parallel, an intelligent money address withdrew 210,000 links from Binance. The address has a total of 335,000 links. In the end, Nansen, Alex Svanevik, sent 1 million LDO tokens to Coinbase.
Thus, these transactions reflect a combination of profits, long -term stings and speculative trading between whales and institutions.
Morality of History: The crypto of the whale always participates in the lion.
Notification of irresponsibility
Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.