On August 24 and June 9, Lookonchain reported about a whale that had been accumulating ETH on Binance. The whale withdrew 2,000 ETH ($3.36M) from Binance on August 24 and has withdrawn a total of 42,800 ETH ($72M) from Binance since May 8.
On June 9, the whale withdrew 15.2K ETH ($28M) from Binance. The wallet was created on May 8, and has withdrawn a total of 39.3K ETH ($72M) from Binance, each seemingly withdrawn after a price drop.
A whale has withdrawn 15.2K $ETH ($28M) from #Binance in the past 3 hours.
The wallet was created 32 days ago and has withdrawn a total of 39.3K $ETH ($72M) from #Binance, each seemingly withdrawn after a price drop.
Is this whale accumulating $ETH for the future bull market? pic.twitter.com/0pjukPI4JL
— Lookonchain (@lookonchain) June 9, 2023
It is unclear if these whales are accumulating ETH for the upcoming bull market, but their actions suggest that they believe in the future of the cryptocurrency.
In addition, smartestmoney.eth is reportedly long ETH on Aave. He borrowed 10M USDC from Aave and deposited it to Binance. Then he withdrew 5,500 ETH ($9.24M) from Binance hours ago.
smartestmoney.eth(@smartestmoney_) is long $ETH on #Aave.
He borrowed 10M $USDC from #Aave and deposited to #Binance.
Then withdrew 5,500 $ETH($9.24M) from #Binance 5 hrs ago.https://t.co/alPmy8h9Z9 pic.twitter.com/ArYsK4FOF4
— Lookonchain (@lookonchain) August 24, 2023
On the other hand, a wallet dumped all APE at a loss of ~$1.5M 8 hours ago. The wallet claimed 93,700 APE and spent 749 ETH ($2M at the time) to buy 96,276 APE at a price of $21 on May 1, 2022. Then it dumped all APE at $1.51, resulting in a significant loss.
A wallet dumped all $APE at a loss of ~$1.5M 8 hours ago!
The wallet claimed 93,700 $APE and spent 749 $ETH($2M at the time) to buy 96,276 $APE at a price of $21 on May 1, 2022.
Then dumped all $APE at $1.51, really a big loss!https://t.co/Qlsnzkk9G3 pic.twitter.com/GIpTe50E7Q
— Lookonchain (@lookonchain) August 24, 2023
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
