A crypto whale was recently spotted by a blockchain monitoring platform withdrawing a massive stack of Ethereum (ETH) from Binance over the weekend.
First seen by Lookonchain, a “smart whale” deposited 31.8 million Tether (USDT) into Binance, and then withdrew $15.94 million worth of ETH hours later.
Just hours later, the whale took out another $16 million worth of ETH from Binance. According to Lookonchain, the whale remains long on their ETH from the price of $1,836.
“This smart whale withdrew another 8,618 ETH ($16 million) from Binance…
The whale deposited 31.8 million USDT to Binance and withdrew 17,316 ETH, the buying price is ~$1,836.”
At time of writing, Ethereum is trading at $1,902, putting the whale in profit by 3.6% so far.
Lookonchain also spotted another whale, so far with a losing record this year, trading $1.1 million in ETH for Dogecoin (DOGE) rival Pepe.
“A whale spent 617 ETH($1.11 million) in the past two days to buy 996 billion PEPE.
This whale has also traded two tokens this year.
Lost 456 ETH ($1.3 million) on ARB (Arbitrium) and made 269 ETH ($423,000) on MKR (Maker)…
The whale spent 2,039 ETH ($3.75 million) to buy 3.26 million ARB at $1.15, and sold for 1,583 ETH ($2.45 million) at a price of $0.75, losing 456 ETH ($1.3 million).
Then spent 1,348 ETH ($2.19 million) to buy 1,884 MKR at $1,164, and sold for 1,617 ETH ($2.61 million) at a price of $1,389, making 269 ETH ($423,000).”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
