Whale activity in the cryptocurrency markets has increased significantly in recent hours. According to on-chain data, high-volume investors have made significant transfers of several major crypto assets, particularly Bitcoin and Ethereum.
According to the data, a whale deposited 10,169 ETH, worth approximately $29.77 million, into Binance, earning a total profit of $11.36 million. It was noted that this investor had previously withdrawn 19,505.5 ETH ($48.69 million) from the exchange and staked it, then reinvested 20,269 ETH ($60.05 million) into the exchange, generating a total staking income of $763.58 ETH. It is stated that this same whale has earned a total profit of $11.36 million from ETH transactions over the past three years.
On the other hand, a newly created wallet was observed withdrawing a large number of different crypto assets from Binance. The assets transferred to this wallet included 5,770 ETH, 9,870 LINK, 140.62 AAVE, 1,950 UNI, 75,450 POL, and 9.99 COMP.
It was also reported that a whale with the address 0xc8D4 completely closed their position of 10,169 ETH ($29.7 million) approximately 4 hours ago and exited the market. This move is being considered in conjunction with the recent volatility in the Ethereum price.
Another notable development is that Arthur Hayes purchased a total of 32.42 million USDC from Binance, Galaxy Digital, Wintermute, and several other platforms in the last two days.
*This is not investment advice.
