Which Altcoins Does Smart Money Buy and Sell? Here is the List!

In recent developments in the crypto market, giant whale addresses are making significant moves, accumulating profits and influencing the prices of various altcoins. Here are the details…

Altcoin whales take action

Cryptocurrency analyst Ember has tracked down an anonymous giant whale address that has successfully raised an impressive amount of 27,000 ETH (about $46.52 million) from Binance in the past 48 hours. The address, marked as “Oasis app: WSTETH-A Vault 30119”, received another 10,000 ETH (about $17.23 million) on June 16. In just three days, the address has accumulated a total of 37,000 ETH, which is equivalent to approximately $63.75 million.

Another interesting development comes from Lookonchain, which reported that the address starting with 0x4a2C, known as dimethyltryptamine.eth, has sold 110 billion PEPE tokens priced at 59 ETH (about $102,000). This address previously purchased 5.9 trillion PEPE tokens for 0.125 ETH (approximately $251) and sold 3.6 trillion PEPE on April 14 for 2,218 ETH (approximately $4.16 million). As of now, the address still holds 2.3 trillion PEPE, equivalent to about $2.15 million.

Taking profit from stETH and WBTC

In a separate report from Spot On Chain data, it was observed that two short-term trader giant whale addresses decided to capture profits by selling stETH and WBTC spots. The giant whale address, which started with 0x655, exchanged 2535 stETH for a total of 4.36 million USDC at an average price of 1719 dollars. Similarly, whale addresses starting with 0x109 exchanged 138 WBTC for $3.65 million USDC, with an average price of $26,421. Specifically, on June 16, address 0x655 exchanged 26.3 million USDT for 15,700 stETH in a single day. Address 0x109 saw a profit increase from $497,000 to $871,000 (ROI: 8.01%) and still holds 72 WBTC.

Meanwhile, Look on chain monitoring revealed that Wintermute Trading has managed to raise 767,000 ANT (approximately $2.96 million) from OKX and Binance in the past 12 hours. This success has made Wintermute Trading the tenth largest owner of the ANT chain. The price of Aragon (ANT) has increased by about 30% in the last three days, further solidifying Wintermute Trading’s market position. As these giant whale addresses continue to make significant moves and reap substantial profits, their actions have the potential to affect the prices and overall dynamics of the cryptocurrency market. As the crypto world continues to evolve, traders and investors await further developments.