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Three Giant Whales Started Selling Three Different Altcoins: Here Are All Their Trades

source-logo  en.bitcoinsistemi.com 19 November 2023 11:20, UTC

In a period when activity continues in the cryptocurrency market due to the rally, whale wallets do not remain idle. Three cryptocurrency whales sold the altcoins they owned.

The previously dormant whale with short address 0xd4e made a significant move by depositing 5.77 million LRC ($1.23 million) into Coinbase at $0.213. Whale accumulated these tokens from Coinbase between February 1 and March 9, 2023 at an average price of $0.353 (estimated cost: $2.04 million).

If he sold now, the whale would have lost $805 thousand (-39.6%) from LRC after holding the tokens for 9.5 months.

The second whale, 0x432, traded 2.5 million MEME tokens ($65k) for 33.24 ETH at an average price of $0.026 in the last hour. Although the amount is small, this whale is one of the major wallets of the MEME token and its movements matter.

This whale purchased a total of 95.067 million MEMEs with 1,141 ETH between November 4-15, 2023, at an average price of $0.02253 (estimated cost: $2.14 million). Whale 0x432 had previously earned a total of $4.52 million from MATIC, LDO, and MKR, but lost $2.13 million from ARB, MAGIC, RDNT, and FET (all losses were recent).

The total realized profit of the whale is around 2.39 million dollars. Currently, the whale still holds 92.57 million MEMEs ($2.46 million) and its estimated total profit is $391 thousand (+18.3 million). MEME price has fallen over 34% in the last 3 days.

The third whale, 0x604, sold all 62,049 LINK at $13.51 for 838,523 USDC. This whale accumulated 62,049 LINK in 3 transactions from Uniswap and FixedFloat on November 12, 2023 at an average price of 16.41 USD (estimated cost: 1.02 million USD).

Thus, the whale lost $179k (-17.6%) from LINK after just 7 days. Currently, whale 0x604 no longer holds any LINK.

*This is not investment advice.