The giant cryptocurrency whale has attracted attention by purchasing large amounts of altcoins with a value exceeding $3 million.
Altcoin on giant whale’s radar
After the crypto market rocked a bit yesterday, many whales seem to have taken advantage of the buying opportunity it offers. On-chain analytics platform Lookonchain took to Twitter earlier this morning to share some new data they’ve gathered about a particular whale and its latest purchase.
According to the post, a whale has purchased approximately 984,687 Lido DAO (LDO) with 1,806 Ethereum (ETH) worth about $2.83 million in the last 24 hours. The whale made this purchase with an average purchase price of $2.87. Whale then bought 1,235,546.8 LDOs worth about $3.47 million from Binance when the crypto price was $2.81. After that, LDO was transferred to Uniswap to provide liquidity.
Cryptokoin.com data shows that LDO is currently trading at $2.67 after a 10.37% price drop in the last day. LDO has also weakened by around 10.27% and 10.49% against Bitcoin (BTC) and ETH over the last day. 24-hour trading volume is currently in the red zone and is at $250,056,605 after a 7.89% drop since yesterday.
LDO at its peak after update
WhaleStats, the online platform that tracks the best whales on the Ethereum network, announced that LDO, the management token of liquid staking solution Lido Finance, has climbed into the top 10 purchased tokens among the top 500 ETH whales. The latest announcement from WhaleStats covers a 24-hour period when Lido Finance has released its latest update on VANOM, validator and node operator metrics.
According to Lido Finance, there was an increase in the number of active node operators on the platform in Q4 of 2022. Two more operators on behalf of the Prysm Ethereum Client and AttestantBVI have joined the ranks of node operators with active validators on the Lido mainnet. This brings the number of node operators to 29, two more than in Q3.
Lido Finance stated in a tweet that the recent engagement and community discussions are behind the visible improvements in the network; proof of this is the decreasing share of Lido validators running in the public cloud. WhaleStats tracks up to 5,000 major wallets containing Ethereum-based tokens. These wallets are worth over $12 million, holding about 6,881 ETH, 7 other digital tokens and 1 NFT. The platform also provides tools to analyze Ethereum-related token trading in the cryptocurrency market.
Another tool provided by WhaleStats is the Whale Fear and Greed index, which suggests that the Ethereum market is currently in a state of ‘extreme greed’. Additionally, the platform strikes a balance between ETH whale buyers and sellers, with ETH buying volume slightly higher than selling volume.
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