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A whale spent about $5 million to buy various cryptocurrency tokens, according to a Twitter post shared by the on-chain analytics platform Lookonchain. The whale’s largest purchase was 413,727 Uniswap (UNI), worth about $2 million, which he bought at a price of $4.83
A whale spent ~5M $USDT to buy $ETH, $LDO, $UNI, and $AAVE 3 hrs ago.
— Lookonchain (@lookonchain) August 24, 2023
– Bought 557 $ETH($933K) at $1,676;
– Bought 593,139 $LDO($1M) at $1.69;
– Bought 413,727 $UNI($2M) at $4.83;
– Bought 17,203 $AAVE($1M) at $58.https://t.co/ykkHE1vS2m pic.twitter.com/LIePKreKoe
The whale took the discounted cryptocurrency prices as a sign to stock up on other tokens like Lido DAO (LDO), Ethereum (ETH), and Aave (AAVE) as well. According to Lookonchain, the whale purchased 593,139 LDO and 17,203 AAVE. Both transactions were worth about $1 million, as the whale purchased LDO and AAVE at $1.69 and $58 respectively.
Additionally, the whale stocked up on 557 ETH which was worth more than $900k, and was purchased at a price of $1,676. At press time, the altcoin leader was worth about $1,673.16 after its price rose by 1.60% over the past day of trading, according to CoinMarketCap.
This rise in price allowed ETH to strengthen against its competitor, Bitcoin (BTC), by 1.54%. However, it is worth noting that the altcoin’s weekly performance was still down by 6.87%.
UNI exhibited a slight increase of 0.37% in its price over the past day, bringing the value of this altcoin to $4.77 at press time. This placed the cryptocurrency’s valuation closer to its daily peak of $4.85, as opposed to its lowest point of $4.67 within the 24-hour period.
Concurrently, the trading volume for UNI throughout the day experienced a reduction of over 18% compared to the previous day. This meant that UNI’s trading volume stood at $100,186,440 at press time. In terms of market capitalization, UNI held a value of $2,752,230,541, positioning it as the 25th largest cryptocurrency.
LDO and AAVE both saw their prices increase over the past 24 hours. LDO was trading hands at $1.69 after its price jumped by 1.68%. Meanwhile, AAVE turned heads after it experienced a price surge of more than 4%, which left it trading at $58.55.
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