Institutional and whale investor activity has accelerated again in the cryptocurrency market. Notable transactions from both large individual investors and institutional products have been reflected in on-chain data over the last 24 hours.
According to Onchain data, an address linked to renowned investor Jez San withdrew over $15 million worth of altcoins from Coinbase Prime. The purchases were distributed as follows:
- $8 million worth of Chainlink ($LINK)
- $5 million worth of Aave ($AAVE)
- $2 million worth of Uniswap ($UNI)
- Lido DAO ($LDO) worth $250,000
Institutional interest in Chainlink has also peaked. Grayscale $LINK Trust nearly quadrupled in size in one day after its ETF launch on NYSE Arca. Total $LINK assets under management have reached $64 million.
On the other hand, a huge transaction moving through Matrixport also attracted attention. The bc1qszp0 address received 2,000 BTC ($185 million) in the last 24 hours.
Additionally, another major market movement occurred in the last three hours. A wallet allegedly linked to a major whale withdrew a large number of altcoins from Binance, Kraken, and Coinbase. The transactions totaled approximately $35 million. The withdrawn assets were listed as follows:
- 2.01 million ENA – $5.7 million
- 3.17 thousand ETH – $10.06 million
- 22.59 million SKY – $1.27 million
- 6.53 million ONDO – 3.24 million dollars
- 25.40 thousand $AAVE – $4.93 million
- 557.94 thousand $LINK – $8.03 million
- 340.85 thousand $UNI – $2.04 million
- 384.07 thousand $LDO – 245 thousand dollars
*This is not investment advice.