Bitcoin surpassed $38,000 multiple times in November but failed to maintain that level.
When BTC fell below $ 38,000, there were also retreats in altcoins. Taking advantage of these withdrawals, whales made purchases.
According to a post by on-chain data provider Spot On Chain, a whale bought Ethereum (ETH), BNB, Shiba Inu (SHIB), IOST and Chiliz (CHZ) in recent hours.
This whale recently purchased 60,000 BNB ($13.73 million) and 1.6 million MATIC ($1.22 million) today.
With today's transaction, the value of the altcoins that Balina has purchased in recent days is 51.54 million dollars.
With these purchases, the whale has $ 53.36 million worth of altcoins in its current profile.
Accordingly, the whale received 10,000 ETH ($20.3 million), 45,000 BNB ($10.2 million), 300 billion SHIB ($2.47 million), 260 million IOST ($2.4 million) and 16 million from Binance. Bought CHZ ($1.18 million).
Spot On Chain also stated in its post that the whale created its address 175 days ago on June 8, 2023, but it had just started purchasing such large amounts of altcoins.
“Suspicious whale 0x865 has withdrawn various assets worth $36.59 million from Binance in the last 18 hours:
10,000 ETH ($20.3 million) 45,000 BNB ($10.2 million) 300 billion SHIB ($2.47 million) 260 million IOST ($2.4 million) 16 million CHZ ($1.18 million)
It is noteworthy that the whale was created 175 days ago on June 8, 2023, but has only just begun collecting such large amounts of tokens.
Currently, the whale holds various assets worth $ 38.2 million.
In addition to these purchases, Balina purchased approximately $15 million worth of BNB and MATIC. “
The whale currently holds various altcoins worth $53.36 million.
*This is not investment advice.