Recent major cryptocurrency transfers executed by whales have once again caught analysts' and investors' attention. We discuss the latest events in the market.
Major Transfers by Whales
Whales in the cryptocurrency market have ramped up their activity by making significant transfers on exchanges. One long-inactive wallet that had been dormant for two years withdrew 10.36 million DOGE (worth $2.25 million) from Binance.
Long-Awaited Movements
Another major transfer was executed by a whale who withdrew 2,329 ETH ($10.01 million) from Binance. This whale was also found to hold 5,552 ETH, 3.11 million USDT, and 2.81 million USDe in a liquidity pool on Uniswap V4, as well as 32 million USDe on Pendle V2. Additionally, a whale withdrew 2 million SPX (worth $2.26 million) from Kraken, making a profit of $5.86 million.
Ethereum Ecosystem Movements
The Ethereum ecosystem also witnessed some significant movements. The 0x0F08 wallet, associated with the Ethereum Foundation, moved 4,000 ETH ($17.13 million) to a new address after nine years of inactivity. This wallet acquired 97,500 ETH (~$91,000) from the Ethereum Foundation 10 years ago at around $0.93 and later deposited it to Kraken at $4.65.
The recent actions of whales may signal changes in market sentiment. Monitoring such movements remains crucial for assessing future trends.
