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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.
Address:
bc1q5pzsptd5whcljevzyztavuqru0hugd5ymgx5ezksdqug3ztrjvmqauys2q
bc1q437jw8wqph854vf9dwxy4c2u6daveupjm5dqptj469gxw6vcpp0qfpr0mh pic.twitter.com/JSil4gfFZg— Lookonchain (@lookonchain) June 5, 2024
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.
Total est. profits: $797K pic.twitter.com/GGGQmqWchU
— Spot On Chain (@spotonchain) June 6, 2024
*This is not investment advice.
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