en.bitcoinsistemi.com
In recent days when the cryptocurrency market is volatile, the steps taken by large investors continue to attract attention.
According to data from the on-chain analysis platform Lookonchain, there was a serious accumulation on the $AAVE, Chainlink and Ethereum sides, while a dramatic liquidation was seen on the Zcash front.
During the market pullback, $AAVE whale 0xE9D0 purchased an additional 40,433 $AAVE tokens over the past five days. With this purchase, worth approximately $7.1 million, the whale's total $AAVE accumulated over the past three years reaches 292,838 tokens. The portfolio's total purchase cost was $54.5 million, with an average purchase price of $170. This giant investor currently has approximately $4.6 million in unrealized profits.
On the Chainlink side, the reserve update was prominent. In the last 24 hours, the Chainlink Reserve added 89,079 $LINK, bringing its total reserve to 973,752 $LINK. This amount is currently valued at approximately $12.89 million.
A whale is also attracting attention on the Ethereum front. An investor purchased 4,322 $ETH (approximately $13 million) on Binance and deposited an additional $4.65 million in USDC to the exchange. This additional transfer was interpreted as the investor planning to purchase more $ETH. The same whale reportedly made a total profit of $3.5 million from recent trades on the HyperLiquid platform.
Another interesting move came from the Royal Government of Bhutan. 160.35 $ETH (approximately $483,000) was transferred from the official wallet to QCP Capital. It is currently unclear whether Bhutan is selling $ETH over-the-counter (OTC) or conducting another financial operation.
Meanwhile, privacy-focused Zcash ($ZEC) saw a massive liquidation. With the $ZEC price plummeting, a whale lost $1.59 million when his leveraged long position was completely liquidated. The same investor lost $2.39 million in total, leaving him with only $24,000.
*This is not investment advice.