An unknown investor with a history of savvy trades has deposited $16 million worth of stablecoins into Binance, potentially to purchase more crypto assets.
CryptoCaster Quick Check:
First spotted by blockchain-tracking firm Lookonchain, the whale has already made three extremely clutch trades in the past, including selling Ethereum (ETH) at a local top, trading USDC for ETH before it lost its dollar peg and withdrawing all of its funds from crypto exchange FTX right before the bankrupt centralized platform suspended user withdrawals.
“A smart whale deposited 16 million USDC to Binance…
The smart whale:
Dumped 34,000 ETH ($65.4 million) when the price was $1,930.
Exchanged USDC for ETH during the USDC de-pegging.
Withdrew all assets from FTX before FTX suspended withdrawals.”
At time of writing, it’s still unclear what the whale did or plans to do with the $16 million worth of dry powder now on Binance.
Stay in the know on crypto by frequently visiting Crypto News Today
Lookonchain also spotted a whale withdrawing seven figures worth of the decentralized oracle network Chainlink (LINK) from the crypto exchange Kraken, adding to its $9.67 million LINK withdrawal streak.
“A whale withdrew 353,500 LINK ($2.14M) from Kraken again…
The whale has withdrawn a total of 1,588,500 LINK ($9.67 million) from Kraken in the past three months.
The average withdrawal price is $6.78.”
“Jump Trading has been accumulating MASK, LDO, LEVER and PERP over the past week.
Jump Trading currently holds:
1.59 million MASK ($6.15million);
1.09 million LDO ($2.11million);
509 million LEVER ($686K);
1.07 million PERP ($545K).”
The blockchain tracker also spotted wallets belonging to crypto trading firm Jump Trading and identified four altcoins being accumulated by the company, including the liquid-staking service provider Lido DAO (LDO), the decentralized social network Mask Network (MASK), the decentralized derivatives platform Perpetual Protocol (PERP) and the decentralized leveraged trading protocol LeverFi (LEVER).
Read More at DAILYHODL
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
