James Fickel, founder of the science and technology-focused Amaranth Foundation and early Ethereum investor, made a significant move in the cryptocurrency market, spending 24.7 million USDC to purchase 7,814 ETH at a price of approximately $3,161 per ETH in 40 minutes.
This move is part of a larger strategy by Fickel, who currently funds 128,516 ETH (valued at $404 million) and 40.97 million USDC into the Aave platform. Fickel has also held a long position in the ETH/BTC trading pair since December 2023, borrowing 2,266 WBTC (worth $146 million).
In other whale news, a crypto whale deposited a significant amount of 1,200 BTC (worth $77.67 million) to the Kraken exchange 43 minutes ago. This whale has been actively accumulating BTC, with a total of 24,755 BTC (worth $1.68 billion) purchased from March 1 to April 15 at an average price of $68,051.
In another significant move, Metalpha's multisig wallet allegedly withdrew 11,472 ETH (worth $35.99 million) from Binance at a price of $3,137 per ETH. Remarkably, last month this multisig wallet deposited 13,427 ETH to Binance at an average price of $3,300 ($44.31 million total) on March 23 and April 13, 2024. Allegedly, this move resulted in a profit of $1.87 million (5.2% gain) from the price difference.
*This is not investment advice.
