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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.
beincrypto.com
