Recent moves by the US Securities and Exchange Commission for crypto have destabilized the market. Whales took action as the market witnessed a tough sell-off. Specifically, the SEC’s targeting of Binance has aroused the whales of its native token, BNB.
A whale dumps ETH on Binance
An address that has been dormant for nearly five years transferred more than 2,000 Ether to Binance last month. On-chain data reveals that an address that bought over 2,800 Ether from Bw.com and Gate.io in 2018 started transferring Ether to Binance a month ago. It also shows that it has now made over 2,000 transfers and continues to do so.
Awakened whale sells BNB tokens
The giant whale address, which has been dormant for 2 years, has sold 10,000 BNB for an average of $230 today. After 2 years of dormancy, the whale awoke, according to Lookonchain tracking. The giant whale address with the tag 0x9e64 sold 10,000 BNB today with an average selling price of $230.
Lookonchain also revealed that the whale had accumulated large numbers of SAFEMOONs before. Accordingly, the whale invested only 10 BNB (worth $2,400 at the time) in SAFEMOON. He eventually earned 110,000 BNB (worth $47.5 million at the time). Whale then transferred 25,000 BNB to a new address starting with 0x9e64 in June 2021. There are currently 15,000 BNB (approximately $3.5 million worth) left at this address.
Huge whale deposits 12,000 stETH in Aave
The giant whale address deposited 12,000 stETH on Aave to borrow 12 million USDT and transfer it to Binance. According to Lookonchain observations, the giant whale address has invested 12,000 stETH (approximately $21 million) in Aave to borrow 12 million USDT and transfer it to Binance. As cryptokoin.com previously reported, the whale address recently deposited 25,000 stETH (approximately $43 million) to Aave. However, after that, he borrowed 35 million USDT and transferred it to Binance.
Whale, which bought DYDX and BLUR, made another purchase
A Twitter user named Yujin followed an address that had purchased DYDX and BLUR many times before. The address in question transferred 818,000 USDC today, receiving 300,000 DYDX and 1,000,000 BLUR. Since March 8 of this year, the address has accumulated 3.9 million DYDX and 13.5 million BLUR. Based on the token prices at the time of the transfer, DYDX and BLUR held by the address are currently down 37% and 47% respectively.
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