Whales Make Big Moves in DeFi Tokens, Accumulating Millions in Recent Transactions

Recent activity in the crypto market shows that major investors, often referred to as whales, have been actively purchasing significant amounts of various decentralized finance tokens.

According to the crypto analytics platform Lookonchain, one anonymous whale wallet made headlines over the weekend by withdrawing 299,133 UNI, equivalent to about $2.39 million, from Gate.io.

This same investor has also been gathering other DeFi assets, pulling out 19,373 Aave (AAVE) valued at approximately $2.95 million and 596 Maker (MKR) worth around $805,000 from Binance in the month leading up to September 12.

Additionally, a whale linked to Longling Capital acquired 5,000 ETH for $12.34 million during the weekend, bringing their total holdings to 68,064 ETH, worth over $168 million.

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Another whale bought 31,173 AAVE for about $4.8 million on Sunday, then deposited these tokens into Aave to borrow funds, converting 2.7 million GHO into USDC for more AAVE purchases.

Alexander Stefanov