Whale Buys 14,777 AAVE for $1.79 Million Amid Market Moves

• Recent moves by significant market players underline the growing developments in the cryptocurrency world.
• Binance announces its support for Simon’s Cat (CAT) airdrops for FLOKI holders on its platform.
• A major wallet transfer of 30 million MATIC to Binance has raised attention in the crypto community.

Discover the latest happenings in the cryptocurrency market, including whale activities, Binance’s airdrops, and new developments within the Solana ecosystem.

Prominent Whale Purchases Large Quantities of AAVE

In a notable transaction, an astute whale investor acquired 14,777 AAVE tokens at approximately $121.2 each, totaling $1.79 million worth of ETH. This marks the whale’s first significant purchase of AAVE. Previously, the same investor realized a net profit of $1.63 million through trades involving ONDO and MKR. This investor holds an estimated profit of $27.3 million, thanks to a strategic position in PEPE.

Polygon Wallet Transfers 30 Million MATIC to Binance

According to on-chain observer The Data Nerd, a significant transfer of 30 million MATIC, worth approximately $13.09 million, occurred from a Polygon wallet to Binance’s hot wallet. This transaction is part of a series of moves indicating significant market activity around MATIC, with the wallet still holding another 30 million MATIC tokens.

Double Whale Activity in AAVE Market

Two whale addresses have recently made substantial acquisitions of AAVE tokens totaling $3.92 million. The first address, “0x3737,” utilized 813 ETH (equivalent to $2.18 million) to purchase 17,690 AAVE tokens at $123 each. Another key player, “0x1D15,” withdrew 13,717 AAVE tokens (worth $1.73 million) from Binance, accumulating a total of 19,373 AAVE, valued at $2.45 million.

Pre-IPO Financing for AI Data Processing Layer DIN

The modular AI data processing layer DIN has successfully completed pre-IPO financing worth $4 million, drawing participation from Manta, Moonbeam, Ankr, Maxx Capital, amongst others. This round increases DIN’s total funding to $8 million. The firm intends to expand its ecosystem by selling the DIN Chipper Node, granting early access to the blooming AI data economy across the globe.

Binance Supports CAT Token Airdrops for FLOKI Holders

Binance has announced it will support Simon’s Cat (CAT) token airdrops for users holding FLOKI on its platform. To be eligible for the airdrop, users must maintain a minimum of 400,000 FLOKI tokens on Binance at the snapshot time of August 30, 2024, at 07:59:59. The airdrop will allocate a total of 390 million CAT tokens proportionally based on the holder’s FLOKI balance.

First Telegram Game on Solana Ecosystem Goes Live

LOScoin, the first IP-authorized Telegram game within the Solana ecosystem, has been launched. This free and user-friendly game centers around players completing random Web3 interactive tasks to earn rewards and enrich the gaming experience. LOScoin aims to enhance engagement within the Web3 community, despite being in its initial phase.

SEC Rejects Proposals for Solana Spot ETFs

Sources informed that the U.S. Securities and Exchange Commission (SEC) has rejected the 19b-4 filings by Cboe BZX for two potential Solana spot ETFs. Consequently, Cboe has withdrawn these filings from its website. The rejection aligns with the ongoing concerns and discussions between the SEC and issuers about recognizing Solana (SOL) as a security, consistent with the SEC’s position in various court filings.

Conclusion

The latest activities in the crypto market highlight significant whale purchases, strategic transfers, and Binance’s support for new airdrops. Additionally, the SEC’s ongoing cautious approach towards cryptocurrency-based securities illustrates the regulatory challenges facing the industry. Investors should remain vigilant and informed about these developments for future opportunities and risks.