Transactions involving large investors and institutional wallets are drawing attention in the cryptocurrency market. In recent hours, millions of dollars’ worth of Uniswap ($UNI) have been withdrawn, while headlines on the Ethereum ($ETH) front have focused on sales by the Ethereum Foundation and large purchases by a former investor.
On-chain data shows that five separate wallet addresses withdrew a total of 3.10 million $UNI from US-based cryptocurrency exchange Coinbase over the past 7 hours. The transferred tokens were worth approximately $20.78 million, with an average withdrawal price of $6.70.
Four of the five addresses withdrew similar amounts of $UNI at very close intervals, prompting questions about whether the transactions might have been made by the same large investor or institution. Subsequent transfers or sales of the tokens to other wallets were reportedly observed at the receiving addresses. The individual or institution behind the transactions has not yet been identified.
Ethereum Foundation Continues Sales
Meanwhile, an address linked to the Ethereum Foundation was reportedly continuing to sell $ETH.
According to the data shared, the wallet at 0x5CB…22059 sold another 1,000 $ETH through CoW Swap just 16 hours after its previous transaction. That brings the address’s total sales since yesterday to 2,000 $ETH.
The transactions were said to have been made at an average price of $2,080, for total sales worth approximately $4.16 million.
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While sales continue on the Ethereum front, a former investor who reportedly bought 1 million $ETH during the 2015 initial coin offering (ICO) has made another purchase.
On-chain data shows the whale bought 1,451.32 $ETH in the past half hour at an average price of $2,064.37 per inch. The total transaction is estimated to be worth approximately $2.996 million.
The investor resumed buying after a five-day break, bringing the total amount of $ETH accumulated over the past week to 3,672.
The major investor’s total on-chain assets were also reported to be worth approximately $487 million, with more than 210,000 tokens held in their wallets.
*This is not investment advice.
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