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

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.