With the recent rise in the cryptocurrency market, whale activity has also increased visibly. Especially large-scale transactions in altcoin investments have attracted the attention of investors.
A newly created wallet, ZkSjm, has staked all of its assets by withdrawing 44.11 SOL (unit price $139.34), worth approximately $6.15 million, from cryptocurrency exchange Binance.
On the other hand, one of the participants of Ethereum’s ICO (initial coin offering), the whale with the address 0xddb, transferred another 1,001 ETH (about $1.58 million) to the Kraken exchange. This investor had become active again on March 10 after 6 years of silence. Since then, he has sold 12,891 ETH (about $21.5 million) and currently holds 28,001 ETH (about $44.1 million).
After the rise in Ethereum price, another whale borrowed 15,000 ETH from the Aave platform and sold it for 24.9 million USDT at an average level of $1,660.
There was also great movement on the Bitcoin front. A whale again withdrew 1,000 BTC (about $91.13 million) from Binance. This whale currently holds a total of 19,112 BTC (about $1.73 billion).
However, another investor with the address 0xd81E withdrew another 1,900 ETH (about $3.1 million) from Gate.io an hour ago. This wallet has withdrawn a total of 48,477 ETH (about $100.35 million) since February 15 and is currently running at a loss of about $21 million. In addition, the address 0x3bd2, which has been inactive for a year, has returned to the market with 2,600 ETH (about $4.26 million).
Finally, bankrupt cryptocurrency firm Alameda Research deposited another 9 million USDT to Binance via its OTC desk Wintermute. The company has transferred a total of 18.5 million USDT to Binance and Coinbase exchanges in the last 4 days.
*This is not investment advice.
