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Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain

February 20, 2024
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An unknown cryptocurrency whale has amassed over 64,000 Ethereum (ETH) in simply 11 days, in line with on-chain information.

Blockchain-tracking service Lookonchain notes that since February eighth, an nameless whale has acquired 64,346 ETH price $178.9 million from each centralized and decentralized crypto exchanges.

Blockchain explorer Etherscan reveals that the whale initially amassed 1,100 ETH on February eighth previous to adding 9,959 ETH price $24.67 million from crypto change Binance just a few days later.

The deep-pocketed investor subsequently spent $60 million price of the dollar-pegged stablecoin USDT to amass 21,353 ETH at $2,810. After the big buy, Lookonchain says the whale withdrew 10,649 ETH price $30.68 million from Binance.

Yesterday, the crypto whale added to his already massive Ethereum stack by withdrawing 11,587 ETH price $33.5 million from Binance.

Image
Supply: Lookonchain/X

Ethereum is buying and selling at $2,920 at time of writing.

Per crypto analytics platform Arkham Intelligence, the whale presently holds a complete of 74,383 ETH price $217.57 million at time of writing. The whale additionally holds 5,491 Staked Ethereum (STETH) price $16.02 million on the decentralized finance protocol Lido (LDO).

As well as, the investor with deep pockets owns roughly $29.9 million price of USDT. The entire worth of the crypto property within the whale’s pockets on the time of writing is slightly over $263 million.

In the meantime, Lookonchain finds {that a} totally different whale has unloaded a major amount of the native token of the video infrastructure community Livepeer (LPT).

“With the value of LPT hitting highs, the whale deposited all 148,215 LPT ($2.96 million) to Binance to promote for revenue.”

Image
Supply: Lookonchain/X

The whale had earlier offered a few of its LPT on the MEXC crypto change whereas withdrawing a portion.

“A whale offered 35,000 LPT ($630,000) on MEXC for revenue.

This whale deposited 100,000 LPT to MEXC and subsequently withdrew 65,000 LPT, presumably promoting 35,000 LPT.

The whale [held] 212,371 LPT ($3.93 million), and the whole revenue on LPT exceeds $3.5 million.”

Image
Supply: Lookonchain/X

LPT is buying and selling at $16.19 at time of writing.

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Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate internet marketing.

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