Famous Whales Have ETH and These 3 Altcoins in Their Basket!

A number of recent notable transactions in the cryptocurrency space have attracted attention. These transactions are emerging as a particular focus on Ethereum (ETH) and are attracting the attention of the crypto community. These transactions, tracked by various analysis platforms, include major funds, institutions and influential people and provide insight into the dynamics of the crypto market. Here are the details…

Mysterious fund received 60 million USDT

First, on December 9, tracking by Lookonchain revealed that a mysterious fund or institution received another significant inflow of 60 million USDT from Tether Treasury. Over the past two months, this organization has accumulated an impressive 1.76 billion USDT and then transferred these funds to various trading platforms. In particular, it was noteworthy that this large amount could buy 44,000 BTC at an average price of $ 40,000.

Ethereum (ETH) transactions attracted attention

On the same day, data tracking Scopescan reported a significant withdrawal of 3,297 ETH from Binance, equivalent to approximately $7.74 million. The funds were then deposited to Blast, solidifying the address’s position as the #5 deposit in the platform’s ETH rankings. This strategic move sheds light on the precision with which whales navigate the ETH world. In other news, on December 9, chain analyst @ai_9684xtpa uncovered interesting transactions involving Justin Sun’s address, focusing specifically on Ethereum (ETH). It was noteworthy that 1,600 ETH, worth $ 3.78 million, was transferred to a multi-signature wallet.

Sun then deposited funds to various trading platforms, including Binance and Kraken, via specific transfer addresses. Additionally, Spot On Chain highlights the activity of a whale address associated with HashKey Capital that highlights Ethereum (ETH) transactions. Over the last 20 hours, this address has withdrawn 8,365 ETH from Binance and OKX, worth approximately $19.7 million in total. The deposit of 120.2 million USDT and USDC in the last 5 days is noteworthy as it shows the important role of ETH in the overall strategy of this major player.

DWF Labs received 2.5 million AXL

Additionally, according to on-chain @ai_9684xtpa, DWF Labs received 2.5 million AXL tokens worth $1.93 million. This marks the first time DWF Labs has acquired AXL tokens on-chain. Additionally, this purchase coincided with a significant 97% increase in the token value over the last 30 days.

After ETH transactions, UNFI went to Binance, LINK withdrew from Binance

Ember Monitoring uncovered an interesting case where an investor focused on Ethereum (ETH) and withdrew 244,000 UNFI from Binance, equivalent to $2.25 million. Although the investor purchased UNFIs on September 6 at an average price of $9.2 and withstood market fluctuations, they held steady without selling until recently transferring the assets back to Binance at the par price. This patient approach to ETH trading underscores the variety of strategies used by crypto enthusiasts.

Ember provides data on the maneuvers of a whale or institution with LINK tokens. The total withdrawal of 6.59 million LINK (approximately $47.48 million) from Binance, combined with profitable trades and consolidation, reflects a calculated strategy in which ETH plays a crucial role. The address starting with 0x098 currently contains 2.08 million LINK.