- The cryptocurrency market, including altcoins such as FLOKI coin, has seen significant whale activity in the past 24 hours.
- Large investors have been buying and selling various altcoins to restructure their portfolios, with some whales choosing to profit from recent surges.
- Whales of PEPE, PENDLE, and ETH have been particularly active.
In the past 24 hours, the cryptocurrency market has seen significant whale activity, particularly in altcoins such as FLOKI coin. Large investors have been restructuring their portfolios, with some profiting from recent surges.
PEPE, PENDLE, and ETH Whales in Action
Three weeks ago, a whale who bought a large amount of PEPE transferred 394.6 billion PEPE to Binance on May 9. This transaction earned the whale $3.27 million. The whale appears to be successful in PEPE investments, earning a total of $1.503 million from five different PEPE investments in the past three months, achieving a success rate of 100%.
Corporate Investment Firm Arca Sells Altcoin at a Loss
On the other hand, corporate investment firm Arca once again sold altcoin at a loss. Arca deposited 549 thousand PENDLE worth $2.66 million to Binance on May 9. The company bought PENDLE at an average of $6.56 and sold it at $4.85, resulting in a loss of $940,000. Arca’s total loss from altcoin investments is $3.7 million.
ETH Whales Show Long-Term Investment Plans
Additionally, an ETH whale withdrew 6029 ETH (approximately $18.07 million) from OKX on May 9 and staked all of them into Lido and Aave. This investment shows the whale’s faith in ETH and long-term investment plans. Furthermore, a long ETH whale has accumulated 10.758 ETH (approximately $32.14 million) from Binance since May 2. The whale swapped ETH with stETH and deposited it into Aave. Then, the whale borrowed $28.5 million worth of stablecoin from Aave to buy more ETH.
Conclusion
The past 24 hours have seen significant activity in the cryptocurrency market, particularly from whales. Large investors are restructuring their portfolios, with some choosing to profit from recent surges. The activity of PEPE, PENDLE, and ETH whales has been particularly noteworthy. As the market continues to evolve, it will be interesting to monitor these trends and their impact on the broader cryptocurrency landscape.
