In the decentralized finance (DeFi) market, a cryptocurrency whale known by the short address 0x57d reportedly deposited $4.41 million in three DeFi tokens to Binance.
Balina wallet completed all these transactions within 13 minutes.
Whale deposited 546,268 UNI tokens worth $3.68 million, 250 MKR tokens worth $655,000, and 201,914 1INCH tokens worth $76,000. Prices at the time of deposit were $6.73, $2.621 and $0.377 for UNI, MKR and 1INCH respectively.
Following these deposits, the whale made significant profits by officially closing the first transactions for MKR, UNI and 1INCH. Whale earned a staggering $1.14 million (76.1% increase) from trading 1,390 MKR between August 19, 2023 and April 14, 2024.
Similarly, between May 12, 2022 and April 14, 2024, he made a profit of $375,000 (up 11.3%) on 546,268 UNI trades. Finally, the whale earned $100,000 (up 40.2%) on 701,914 1INCH trades between November 10, 2023 and April 14, 2024.
Despite these profitable moves, the whale still holds a small amount of 7,550 ENS ($93.5k) and 63,005 LQTY ($58.8k) tokens, both of which are currently causing unrealized losses for the whale.
*This is not investment advice.