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Corporate Giant Whales Became Active: While One Bought 87 Million Dollars of Bitcoin, The Two Made Large Sales in Two Different Altcoins! Prices got...

Corporate Giant Whales Became Active: While One Bought 87 Million Dollars of Bitcoin, The Two Made Large Sales in Two Different Altcoins! Prices got... WikiBit 2024-06-06 18:06

While the recent recovery in Bitcoin and altcoins is attracting whales to the market, some are selli

While the recent recovery in Bitcoin and altcoins is attracting whales to the market, some are selling profit and some are accumulating.

At this point, two whale addresses purchased 1,210 BTC worth $86.81 million from Binance.

Lookonchain evaluated that these wallets belong to the same whale.

Whales are buying BTC!

“2 wallets (may belong to the same whale) withdrew 1,210 BTC ($86.81 million worth) from Binance 2 hours ago.”

Whales are buying $BTC!

2 wallets(may belong to the same whale) withdrew 1,210 $BTC($86.81M) from #Binance 2 hours ago.

Whales Sold Chainlink (LINK) and Uniswap (UNI)!

While whales were accumulating Bitcoin, two whales, considered to be institutional investors, also deposited Chainlink (LINK) and Uniswap (UNI) into Binance.

At this point, whales sold 371 thousand LINK worth $ 6.48 million and 541 thousand UNI worth $ 5.89 million.

In the last 5 hours, two whales (possibly an institution) sold 371k LINK ($6.48 million) and 541k UNI ($5.89 million) on Binance, causing each price to drop by approximately 4%!

Remarkably, most of these tokens rallied in late May, amid Ethereum ETF approval excitement.

Total estimated profit: 797 thousand dollars

While Bitcoin price remained stable in the last 24 hours, LINK increased by 2.8%; UNI, on the other hand, decreased by 3.9%.

In the past 5hrs, two whales (likely one institution) dumped 371K $LINK ($6.48M) and 541K $UNI ($5.89M) via #Binance, causing each price to drop ~4%!

Notably, most of these tokens were accumulated in late May, amid the #Ethereum ETF approval hype.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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