The market capitalization of cryptography continued its ascending trajectory this weekend, the graphics painted in green. The market capitalization has reached 4 dollars in the first hours of Asian negotiation today, up 1.54% in the last 24 hours.
While the great cryptocurrencies are approaching their peaks of all time, cryptocurrencies make significant movements on the market. The largest of these transactions was $ 210 million narcotic dollars. Here is a detailed ventilation of the whale professions.
Crypto whales capitalize on the bull market with trades of several million dollars
Chain data have shown that whales actively exchange Ethereum (ETH). This interest in the second largest cryptocurrency occurs when it continues to increase and remains only 11.8% less from its top of all time (ATH).
According to ONCHAIN’s objective data, the largest transaction involved a whale or an institutional entity buying 49,533 ETH worth $ 210.68 million. The purchase was made via the Galaxy Digital, Falconx and Bitgo exchanges.
The Ethereum whale now has 221,166 ETH, worth 940.73 million dollars, spread over six different wallets. In addition, the Maelstrom CIO Arthur Hayes adopted a more diverse approach. He acquired a total of $ 6.85 million in assets. This included:
- 1,250 ETH, worth $ 5.29 million.
- 424,000 Lido Dao (LDO), worth $ 550,000.
- 420,000 ether.fi (Ethfi), worth $ 510,000.
- 92,000 pendle tokens (pendle), worth $ 500,000.
These purchases reflect a significant addition to its crypto wallet, focusing mainly on assets based on Ethereum.
“On the 8/2, he thought that the BTC would fall at $ 100,000 and at ETH at $ 3,000, so he sold the chips of the ETH and ETH ecosystem that he bought in July, notably Ena, Aave, LDO, ETHFI and PEPE,” wrote Embercn analyst.
In addition to buying, some whales mark out their assets for additional yields. A whale, identified by the 0xa5e address… EDA0, which had been dormant for three years, marked 4,736 ETH, worth $ 19.84 million.
This whale had accumulated ETH for $ 9.12 million about 4 to 5 years ago. The investor made a profit of approximately $ 10.7 million. Similarly, another whale, 0x1fc… AED5, withdrew 2,009 ETH, worth $ 8.53 million, from Binance to Pile.
“In the past 2 months, a total of 10,999 ETH ($ 46.69 million) was removed from Binance for marked out on Eigenlayer and ETH2.0. Currently, making a profit of $ 13.53 million, “added Onchain Lens.
In addition, some whales have executed sales. The 1inch team’s investment fund has unloaded 5,000 ETH at an average price of $ 4,215. This was then converted to 21.07 million USDC.
In addition, they sold 6.45 million 1 inch tokens at an average price of $ 0.28, which resulted in USDC 1.8 million. These sales generated a profit of $ 8.36 million.
This indicated that the team capitalizes on the current Haussier market with a for -profit strategy. Pirates of Stablecoin Bank Infini have also sold substantial ethics.
“The infinite operating sold 1,771 ETH ($ 7.44 million) at $ 4,202. Tornadocash on July 17. They still hold 9,154 ETH (38.85 million), “revealed Lookonchain.
In addition to Ethereum, large investors also engage with other cryptocurrencies. Whale 0xC9D… 642 borrowed USDC 20 million in Aave, transferred funds to Kraken and acquired 109.6 WBTC, worth $ 12.91 million.
“This whale takes advantage of WBTC purchases via AAVE in a loop loan strategy. They have currently accumulated a total of 603.5 WBTC ($ 71.62 million), with an average cost of about $ 90,382,” said Embercn.
After a month of inactivity, another cryptocurrency withdrew 274.22 Bitcoin (BTC), valued at around $ 32 million, from Binance. In addition, Galaxy Digital transferred 224,000 Solana (soil), worth around 41.12 million dollars, with two centralized exchanges, Binance and Coinbase, arousing sales problems.
In addition, an intelligent monetary address withdrew 210,000 binance links. The address has a total of 335,000 links. Finally, the CEO of Nansen, Alex Svanevik, sent 1 million LDO tokens to Coinbase.
These transactions reflect a mixture of for -profit shooting, long -term stake and speculative negotiation between whales and institutions.
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