While the recent recovery in Bitcoin and altcoins is attracting whales to the market, some are selling profit and some are accumulating.
At this point, two whale addresses purchased 1,210 BTC worth $86.81 million from Binance.
Lookonchain evaluated that these wallets belong to the same whale.
“Whales are buying BTC!
“2 wallets (may belong to the same whale) withdrew 1,210 BTC ($86.81 million worth) from Binance 2 hours ago.”
Whales Sold Chainlink (LINK) and Uniswap (UNI)!
While whales were accumulating Bitcoin, two whales, considered to be institutional investors, also deposited Chainlink (LINK) and Uniswap (UNI) into Binance.
At this point, whales sold 371 thousand LINK worth $ 6.48 million and 541 thousand UNI worth $ 5.89 million.
“In the last 5 hours, two whales (possibly an institution) sold 371k LINK ($6.48 million) and 541k UNI ($5.89 million) on Binance, causing each price to drop by approximately 4%!
Remarkably, most of these tokens rallied in late May, amid Ethereum ETF approval excitement.
Total estimated profit: 797 thousand dollars”
While Bitcoin price remained stable in the last 24 hours, LINK increased by 2.8%; UNI, on the other hand, decreased by 3.9%.
*This is not investment advice.