Big money is on the move again, and this whale just made some hefty bets. Here’s the rundown.
New crypto wallet puts $7.4 million into Uniswap
A brand-new wallet, starting with 0xC37, didn’t waste any time. Within an hour of being created, it had built up a position worth about $10.13 million across three tokens!
Uniswap [$UNI] is the obvious favorite for this trader. They picked up 814,000 $UNI worth roughly $7.44 million. That’s about $9.14 per token. $UNI accounted for nearly three-quarters of the transferred value.
The rest was split between two names; 2,382 Binance Coin [$BNB] worth around $1.85 million, and 12,397 Litecoin [$LTC] worth $841,000. That’s the remaining 18% and 8%.
A new wallet with activity as big as this usually means its a large player. Who is behind it, though?
That could be anyone’s guess.
Not the only trader splashing cash…
Over on the Bitcoin [$BTC] side, one whale’s been buying. The dip hasn’t scared them off one bit.
According to Lookonchain, the wallet bc1qdp bought 536.93 $BTC worth about $45.28 million. That comes down to $84,300 per coin.
Over the past 20 days, the same whale has stacked 2,460 $BTC, worth around $194.3 million. Those were bought at an average price of $78,966.
The latest buy came in well above that average. That implies that the whale isn’t looking for a bargain, and is perfectly alright with wobbly price movements.
Says a lot about how Bitcoin’s next move is perceived.
Not everyone wants to buy though
One Ethereum [$ETH] holder went the other way.
OTC whale 0x8c58 sold 42,005 $ETH, worth about $111.89 million, during the market dip. That’s roughly $2,664 per coin. After the sale, the wallet has just 9,996 $ETH left.
Here’s what’s peculiar about this sale. The day before yesterday, this whale stashed about 4.5K $ETH. And they didn’t stop there, buying another 15K yesterday.
That’s 19,500 $ETH in two days, and they’ve now sold more than double that amount.
Final Summary
- A new crypto wallet bought $10.13 million in $UNI, $BNB and $LTC.
- A Bitcoin whale added $45.28 million in $BTC, and an Ethereum whale sold $111.89 million in $ETH.