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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Generated Image: Midjourney