In recent hours, several cryptocurrency whales have caught the radar of onchain analysts by making large transactions in various altcoins.
Here's a summary of the most notable moves:
The whale with short address 0xbe8 withdrew 2.6 million MATIC from Coinbase Prime, equivalent to $2.11 million. This marks the first time this whale has withdrawn MATIC from a centralized exchange (CEX).
The whale with short address 0x882 is expected to deposit 983.09 thousand LDO worth approximately $2.8 million into the Binance 14 wallet. The whale in question purchased these LDO tokens from FTX 1 year and 2 months ago at an average price of $1.51. LDO price is trading at $2.81 at the time of writing this article.
Address 0xbfa deposited 46.94 million SAND worth $20.58 million to the Binance deposit address. The tokens were obtained from The Sandbox official developer wallets. The same address currently still holds 492 thousand SAND worth $215 thousand.
The whale with short address 0xbec withdrew 7.38 thousand ETH from Binance, equivalent to $17.07 million. The address has withdrawn a total of 8.36 thousand ETH worth $19.34 million from central exchanges through 2 transactions in the last 5 days.
DWF Labs recently withdrew 1 million USDT from Bitfinex hot wallet. In total, the market maker company withdrew 2.64 million USDT from central exchanges in 7 transactions in the last 4 days.
*This is not investment advice.
