Revealed: Whales Are Buying and Selling These 5 Altcoins on Binance

In the ever-evolving world of cryptocurrencies, September 4 witnessed many significant transactions and price fluctuations among various altcoin projects. Giant whales played an important role in shaping market dynamics with their significant assets. Here are the details…

Whales take action with UNFI

UNFI, the native token of the Unifi Protocol, has seen a notable increase in price over the past month. According to data from The Data Nerd monitoring, the price of UNFI has increased by a staggering 270% during this time. In particular, a huge whale known as “0x475” made waves by transferring 156,000 UNFI tokens (equivalent to $1.46 million) to Binance just 17 hours ago, making a staggering $641,000 profit. It should be noted that this giant whale still holds 750,000 UNFIs, making an unrealized profit of $3.08 million given the average holding price of $5.27.

Another on-chain address that started with “0x674” exhibited significant UNFI backlog by purchasing 1.31 million UNFIs (approximately $12.11 million) on Binance at an average price of $5.73. Meanwhile, addresses starting with “”0x997” have also actively participated in UNFI movements, increasing the moves surrounding this cryptocurrency.

MKR, ARB drew attention

Moving on to Maker (MKR), a giant whale identified as “0x4751” caught the attention by transferring 7,400 MKR tokens (equivalent to 8 million dollars) from Binance just two hours ago. This transfer briefly raised the price of MKR to $1,185 before settling at $1,089. Giant whale addresses that start with “0x475” have made significant moves in the past four hours, withdrawing a total of 11,231 MKR tokens worth approximately $11.3 million from Binance. The average price of a single MKR token in this transaction was approximately $1,125.

Earlier on September 4, the same whale made a significant UNFI transaction and highlighted its impact on multiple cryptocurrencies. Arbitrum (ARB) took an interesting turn when an on-chain data analyst from Ember reported a major whale address that pulled 2,689 million ARB tokens from CEX and transferred them to Binance. This move raises questions about the whale’s intentions, as selling immediately after the transfer would result in a substantial loss of $850,000.

Altcoin projects SNX and LPT are also in the focus of whales: Prices have increased

Meanwhile, a new address shook the SNX and LPT markets, pulling 3,000,996 SNX (about $6.73 million) and 502,385 LPT (about $3.9 million) from Binance just five hours ago. As of the latest data, SNX is up 11.03% in the 24-hour period to trade at $2.22, while LPT is up 15.54% to $7.65.