CRV Coin and 11 Altcoins Face Critical New Developments

• The South Korean cryptocurrency exchange Upbit has introduced new trading pairs for six altcoins in USDT or BTC.
• A large whale recently withdrew 1127 ETH from Tranchess and deposited it to Binance.
• Justin Sun transferred 6.224 million CRV Coin to Binance.

Explore the latest developments in the crypto sphere, including Upbit’s new altcoin pairs, major whale transactions, and significant transfers by Justin Sun.

Upbit adds new trading pairs for six altcoins

Upbit, a leading cryptocurrency exchange in South Korea, has announced the addition of new trading pairs for six altcoins in USDT or BTC. Starting at 20:00 today, Upbit users will be able to trade SOL, BCH, GAS, Game2, NEO, and TT in these pairs. The new pairs are:

• BCH/USDT
• GAS/BTC, USDT
• Game2/BTC
• NEO/BTC, USDT
• TT/BTC
• SOL/USDT

Whale’s significant ETH transaction to Binance

According to on-chain observer The Data Nerd, a whale with the address starting with 0x454 recently withdrew 1,127 ETH from Tranchess and deposited it to Binance. This transaction, valued at approximately $4.4 million, was noteworthy because the whale had accumulated the ETH last year at an average price of $1,756. If sold at current prices, the whale stands to profit by $2.06 million.

5 hours ago, a whale 0x454 just unstaked all 1,127 $ETH (~$4.40M) from #Tranchess and then deposited all to #Binance.

Last year, he accumulated those $ETH at avg entry $1,756 and will earn $2.06M if sold all at current price.

— The Data Nerd (@OnchainDataNerd) June 17, 2024

Justin Sun transfers significant amounts to Binance

Tron founder and prominent crypto figure Justin Sun has made notable transactions recently. On-chain data analyst Ember reports that Sun transferred 6.224 million CRV Coin, valued at around $2.07 million, to Binance. This transfer included CRV previously purchased from Curve’s founder via an over-the-counter deal at $0.40 per coin.

In addition, Sun claimed a new airdrop of 3.42 million ETHFI tokens after a three-month hiatus and transferred them to Binance. These ETHFI tokens, valued at approximately $12.25 million, were part of a larger token distribution that Sun has consistently unlocked and transferred to exchanges over the past three months.

Conclusion

The recent activity in the crypto market underscores the dynamic nature of cryptocurrency investments and trading. Upbit’s addition of new trading pairs, significant whale transactions, and Justin Sun’s strategic moves highlight the ever-evolving landscape. Investors should stay informed about these developments to navigate the market effectively.