Transactions by large investors and institutional wallets are attracting attention in the cryptocurrency market. In recent hours, millions of dollars have been withdrawn from Uniswap (UNI), while on the Ethereum (ETH) front, both sales by the Ethereum Foundation and large-scale purchases by a former investor have made headlines.
According to on-chain data, five different wallet addresses withdrew a total of 3.10 million UNI from the US-based cryptocurrency exchange Coinbase in the last 7 hours. The total value of the transferred tokens is approximately $20.78 million, while the average withdrawal price was calculated at $6.70.
The fact that four out of five addresses withdrew similar amounts of UNI at very close intervals raised questions about whether the transactions might have been carried out by the same large investor or institution. It was reported that subsequent transfers or sales of the tokens to different wallets were observed at the receiving addresses. However, the individual or institution behind the transactions has not yet been identified.
Ethereum Foundation Continues Sales
On the other hand, an address associated with the Ethereum Foundation was reportedly continuing to sell ETH.
According to the shared data, the wallet with the address 0x5CB…22059 sold another 1,000 ETH via CoW Swap just 16 hours after its previous transaction. This brings the total amount sold by that address since yesterday to 2,000 ETH.
It was stated that transactions were carried out at an average price of $2,080, and the total sales value was approximately $4.16 million.
The Ethereum Whale of 2015 Has Resumed Buying
While sales continue on the Ethereum front, it is noteworthy that a former investor, who reportedly purchased 1 million ETH during the initial coin offering (ICO) in 2015, has made another purchase.
According to on-chain data, the whale in question purchased 1,451.32 ETH in the last half hour at an average price of $2,064.37 per inch. The total transaction size is estimated to be approximately $2.996 million.
After a five-day break, the investor resumed buying, bringing the total amount of ETH accumulated in the last week to 3,672.
It was also reported that the major investor’s total on-chain assets are worth approximately $487 million, and they hold over 210,000 tokens in their wallets.
*This is not investment advice.
