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.
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.
The recent launch of the TOKEN6900 (T6900) meme coin presale is a refreshing sight in a market oversaturated with presales focused on providing utility. Token6900 returns to the roots of meme coins, offering no utility. This is precisely what makes it appealing to those seeking a high-risk, high-reward asset to stockpile. Marketed as the world’s […]
XRP trading volumes have doubled in the past 24 hours. Although the price action has not reacted as expected yet, something could be brewing as bulls could be accumulating tokens at these low prices in anticipation of the token’s next leg up. Yesterday, the market reacted quite positively to the approval of the first Solana […]
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.