Bitcoin ($BTC) continued its upward trend last night, climbing above $79,300. However, this was short-lived, and the $BTC price fell back to around $77,800.
Despite this decline, Bitcoin stood out as the only major cryptocurrency to be in positive territory over the past 24 hours, while altcoins mostly traded sideways or weakly.
However, these declines did not stop the whales, and they continued their purchases. Accordingly, Bitmine, the largest institutional Ethereum ($ETH) holder, appears to have made additional $ETH purchases.
According to Lookonchain, three new wallet addresses believed to be associated with Bitmine received approximately 100,000 $ETH (approximately $233.7 million) from BitGo.
While it hasn’t been officially confirmed whether these wallets are directly linked to Bitmine, the market is leaning towards the possibility of additional purchases.
Apart from Bitminde, the whale that sold three days ago bought 7,448 $ETH today.
According to Lookonchain2’s post, a whale who sold 10,829 $ETH three days ago at an average price of $2,300, bought back 7,448 $ETH today at an average price of $2,350.
The whale address 0x9eC9 purchased 10.86 million chips worth $1.26 million from MEXC and Binance in the last 12 hours.
The whale with address 0x2Dc8 withdrew 800 billion $PEPE, worth $3.08 million, from Coinbase Prime. This whale had withdrawn 600 billion $PEPE (worth $7.32 million at the time) from Coinbase Prime 8 months ago and has now incurred a loss of $5.04 million.
*This is not investment advice.
