Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain
An unknown cryptocurrency whale has amassed over 64,000 Ethereum (ETH) in just 11 days, according to on-chain data.
Blockchain-tracking service Lookonchain notes that since February 8th, an anonymous whale has acquired 64,346 ETH worth $178.9 million from both centralized and decentralized crypto exchanges.
Blockchain explorer Etherscan shows that the whale initially accumulated 1,100 ETH on February 8th, prior to adding 9,959 ETH worth $24.67 million from top crypto exchange Binance a few days later.
The deep-pocketed investor subsequently spent $60 million worth of the dollar-pegged stablecoin USDT to acquire 21,353 ETH at $2,810. After the large purchase, Lookonchain says the whale withdrew 10,649 ETH worth $30.68 million from Binance.
Yesterday, the crypto whale added to their already large Ethereum stack by withdrawing 11,587 ETH worth $33.5 million from Binance.
Ethereum is trading at $2,920 at time of writing.
Per crypto analytics platform Arkham Intelligence, the whale currently holds a total of 74,383 ETH worth $217.57 million. The whale also holds 5,491 Staked Ethereum (STETH) worth $16.02 million on the decentralized finance protocol Lido (LDO).
In addition, the investor with deep pockets owns approximately $29.9 million worth of USDT. The total value of the crypto assets in the whale’s wallet at the time of writing is a little over $263 million.
Meanwhile, Lookonchain finds that a different whale has unloaded a significant quantity of the native token of the decentralized video streaming network Livepeer (LPT).
“With the price of LPT hitting highs, the whale deposited all 148,215 LPT ($2.96 million) to Binance to sell for profit.”
The whale had earlier sold some of its LPT on the MEXC crypto exchange while withdrawing a portion.
“A whale sold 35,000 LPT ($630,000) on MEXC for profit.
This whale deposited 100,000 LPT to MEXC and subsequently withdrew 65,000 LPT, possibly selling 35,000 LPT.
The whale [held] 212,371 LPT ($3.93 million), and the total profit on LPT exceeds $3.5 million.”
LPT is trading at $16.19 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
The post Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain appeared first on The Daily Hodl.
