In the cryptocurrency world, whales continue to show their influence by creating significant waves with their strategic moves. Here are five important whale activities that have attracted the attention of altcoin enthusiasts recently…
Altcoin ARB whale is on the move
Just a few hours ago, the Lookonchain platform reported a notable transaction involving a whale address. This crypto giant withdrew 1.14 million ARB tokens worth approximately $945,000 from Binance. What makes this movement interesting is the history behind it. The same whale deposited 1.13 million ARB altcoins to Binance on July 3, when the price was $ 1.17, and lost approximately $ 15,000 from this investment.
A whale withdrew 1.14M $ARB ($945K) back from #Binance ~40 mins ago.
The whale deposited 1.13M $ARB ($1.32M) into #Binance on July 3rd when the price was $1.17, losing ~$15K on $ARB.https://t.co/fw2zTz2jmM pic.twitter.com/nY9NA8dgvK
— Lookonchain (@lookonchain) September 24, 2023
Additionally, Lookonchain’s latest tweet showed an increase in ARB accumulation, again highlighting the activity of a whale. This whale had received 1.19 million ARB tokens from FalconX, worth over $1 million. Interestingly, those who bought ARB were not whales, but smaller investors symbolized as “fish and shrimp”, as evidenced by the increase in the number of addresses holding ARB. Whale activity around the altcoin has remained relatively low.
A whale received 1.19M $ARB($1M) from #FalconX again 4 hours ago.
This whale has accumulated 2.28M $ARB ($1.93M) from #Binance via #FalconX since Sept 13, with an average buying cost of ~$0.81.https://t.co/HxXA7MUBHc pic.twitter.com/r7nJDkiVgJ
— Lookonchain (@lookonchain) September 23, 2023
Curve Finance heads higher with whale move
Meanwhile, Curve Finance’s CRV is trending upward despite weakness in August. While CRV has increased by 22% in the past two weeks, there was a 10% increase in the last week alone. Adding to the intrigue, a whale known as “0x171” transferred 1.542 million CRV tokens, worth approximately $684,000, from Binance to Curve Finance. Over the past week, this whale has actively provided liquidity to Curve Finance, contributing 5.36 million CRV tokens worth $2.27 million.
14 hours ago, Whale 0x171 withdrew 1.542M $CRV ($684K) from #binance, then added liquidity to @CurveFinance.
He has added liquidity of 5.36M $CRV ($2.27M) in the last 7D.
And $CRV is up by 10% this week. pic.twitter.com/95loDMjnCZ
— The Data Nerd (@OnchainDataNerd) September 22, 2023
SNX whale shook the altcoin market
As Kriptokoin.com reported, a prominent crypto whale made headlines by selling a significant stash of 2 million Synthetix (SNX) tokens on Binance, triggering a significant price drop. This whale first purchased the tokens in May of the previous year at an average price of $2.4 per SNX token. The sale, likely around $2.10 per token, resulted in an estimated loss of approximately $785,000 and caused the price of SNX to drop by 5%.
A whale dumped 2,015,264 $SNX ($4M) on #Binance at a loss of ~$785K an hour ago.
The whale spent 4.9M $USDT to buy 2,015,264 $SNX at a price of $2.44 on May 18.https://t.co/ADsVsNcCYb pic.twitter.com/TtJhyNanWZ
— Lookonchain (@lookonchain) September 23, 2023
Ethereum whale acted tactically
Finally, according to Ember data, an Ethereum whale withdrew 4,102 ETH from Binance. This is equivalent to approximately $6.52 million. The interesting aspect of this move lies in its timing and strategy. Whale first deposited 15,883 ETH to Binance on August 2 at $1,875. Then, as the market fell, the whale gradually withdrew (bought back) ETH from Binance. The whale has withdrawn a total of 24,337 ETH (approximately $41.2 million) since August 16. So, the average price per ETH in the transaction was $1,693.
1 小时前，一巨鲸地址从币安提出 4102 $ETH($6.52M)。
他应该是实现了一轮高卖低买：
他在 8/2 将 15883 ETH($29.78M) 以 $1875 的价格转入币安。
然后在市场下跌后从币安陆续重新提出(买回) ETH，
他从 8/16 至今已累计从币安提出 24337 ETH($41.2M)，均价 $1693。推文由 @Bitget_zh 赞助 pic.twitter.com/mAbu1fdv4Y
— 余烬 (@EmberCN) September 23, 2023
These whale movements continue to fascinate the crypto community. Because it reveals the power and influence that big players have in the market. The cryptocurrency world always remains dynamic. Moreover, in the meantime, these movements provide valuable information about the strategies of these crypto giants. As altcoin projects continue to take off, investors and enthusiasts will follow these developments closely.
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