The altcoin market experienced one of the biggest crashes in recent days, causing the Ethereum (ETH) price to drop nearly 6% in the last 24 hours. However, this decline seems to have been considered as an accumulation opportunity for whale investors, who saw the situation as an advantageous opportunity.
Balinia 0xb15
A notable whale known as Balinia 0xb15″ deposited a staggering amount of 55.00 million USDT to Binance. This whale stands out with a wallet that attracted 4.3 million IMX from Binance, where it has a history of previously investing large amounts of stablecoins.
This whale earned $16.25 million from 7 of 8 completed ETH trades, achieving a win rate of 87.5%.
Bitfinex And 280 ETH
Additionally, according to another important post by DWF Labs, 280 ETH, corresponding to 626 thousand dollars, was withdrawn from Bitfinex. This transaction was recorded as the market maker’s largest ETH accumulation in the last two months.
On the other hand, Hong Kong cryptocurrency exchange HashKey allegedly deposited 3,500 ETH ($7.87 million) to Binance during the ETH decline period. While it is stated that HashKey has withdrawn 26,114 ETH ($60 million) at an average price of $2,297 in the last six days, the company is claimed to still hold 22,683 ETH ($51.00 million) in five addresses.
The 3 Most Profitable Whales
In its latest research, altcoin analysis company Loch identified the three most profitable cryptocurrency whales of the month. The portfolios, current assets and profitable transactions of these whales were examined in detail.
Whale 1: 0x27
Known by the short address x27, this wallet is known for being one of the first investors of memecoins BITCOIN, JIM and AIMBOT. The wallet’s current spot portfolio consists mainly of gaming and artificial intelligence tokens and Telegram bots. His portfolio includes assets such as ZETA ($26 thousand), X ($20 thousand), INSP ($11 thousand), FROGE ($6 thousand) and smaller amounts of ADULT, PROPHET, GTX, CHAMPS, DFUND. The total realized gain of this wallet was recorded as 930 thousand dollars. The five most profitable trades were LINQ (202% return), KEKEC (315% return), AXE (592% return), AIMBOT (557% return) and MILK (2960% return).
Whale 2: 0x68
The second wallet 0x68 has a portfolio with various assets. In addition to assets such as FET (313 thousand dollars), LINK (213 thousand dollars), RVF (185 thousand dollars), RIO (178 thousand dollars), BEAM (176 thousand dollars) and GRT (151 thousand dollars), SNX, MATIC, FTM It includes lower amounts of altcoins such as , RNDR, IMX, AMO. The total realized earnings of this whale were determined as 200 thousand dollars. The five most profitable transactions were BEAM (43% return), LINK (78% return), LEASH (34% return), MATIC (49% return) and BIGTIME (330% return).
Whale 3: 0x83
The third wallet, 0x83, has a more conservative portfolio. Its portfolio includes assets such as USDT ($516 thousand), MBX ($20 thousand), ETH ($10 thousand), USDDC ($3 thousand) and OP ($2 thousand). The total gain of this wallet was recorded as 316 thousand dollars. The five most profitable trades were MOG (295% return), GEC (296% return), GFY (143% return), Curveinu (128% return) and FROGE (56% return).
This analysis by Loch offers valuable information for investors who want to understand whale movements in the cryptocurrency market and successful investment strategies.
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