A giant whale withdrew 10,000 ETH from Binance. A whale that participated in the Ethereum ICO in 2015 deposited 7000 ETH on Kraken.
A large cryptocurrency whale withdrew 10,000 ETH ($34.75 million) from Binance and deposited it into Amber Group, according to on-chain monitor Lookonchain. The transaction was made on Monday and is part of a larger trend of whales moving funds around as the crypto market heats up.
As reported earlier by Cryptoslate, a giant whale (presumably Abraxas Capital) has withdrawn 17k ETH ($3,387 million) from Bitfinex in the last 60 hours at ~$203,387, on-chain watchdog SpotOnChain reported on Monday. The whale then went on to borrow $119 million worth of stablecoins by lending ETH to Spark and depositing them on Binance. The ETH price increased by 3%, which translates to $6.27 million in unrealized profit.
A whale that participated in the Ethereum ICO in 2015 also became active on Monday. According to on-chain observer EmberCN, the whale, who bought 254,900 ETH at $0.311 in 2015, deposited 7000 ETH on Kraken. After 209 days of inactivity, the whale woke up during the recent surge in ETH price and transferred 7,000 ETH worth $24.28 million to Kraken. Currently, this whale still holds 40,000 ETH worth $139.5 million.
A market maker, identified as GSR Markets by on-chain tracker Scopescan, also withdrew 5 million ZRO (about $13.9 million) from Binance before ZRO rose 30%. ZRO is currently the second largest asset in GSR’s portfolio.
Finally, a whale sold 15,000 ETH of SNGLS for $62,000 in 2021, according to on-chain observer Ember. The whale participated in SingularDTV’s token ICO in October 2016, purchasing 15,000 ETH (then valued at $198,000) and receiving 12.93 million SNGLS (1.3% of the total coin supply) at the time.
These are just a few examples of the large cryptocurrency transactions that are being closely watched by traders and analysts. The movements of these whales can have a significant impact on the price of cryptocurrencies, so it is important to be aware of their activity.
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