Whale Accumulation of Ethereum
While Bitcoin (BTC) and altcoins continue to fluctuate, whales remain active. At this point, while whales have been at the forefront with recent purchases, declines are seen as buying opportunities. According to a post by crypto analytics platform Lookonchain, a whale continues to frantically accumulate Ethereum (ETH). Accordingly, this whale purchased approximately $105 million more worth of ETH in an hour.
A whale named “66kETHBorrow” has been frantically accumulating ETH since November 4th. Accordingly, the whale has purchased 385,718 ETH worth $1.33 billion since November 4th. $270 million of the funds used to purchase ETH were borrowed from Aave.
Other Notable Whale Transactions
Another whale continues to buy ASTER. According to Lookonchain's post, the whale named “ThisWillMakeYouLoveAgain,” who made over $36 million in profits from PEPE, has purchased ASTER again. Accordingly, the whale has purchased a total of 8.41 million ASTERs at an average price of $0.97 since November 4. It is stated that the whale currently has $1.1 million in unrealized profits.
The newly created “bc1qt4” wallet purchased 1,130 BTC worth $116.6 million from FalconX in the last 9 hours.
Whale “0x20d6” also purchased 523,007 Uniswap (UNI) worth $4.44 million through FalconX.
Paradigm also recently purchased $581 million worth of HYPE. Accordingly, the cryptocurrency investment firm Paradigm acquired 14.7 million HYPEs worth $581 million.