The Big Whales Are on the Move: An Institutional Whale Sold $33 Million Worth of 3 Altcoins

Transactions by large investors in the cryptocurrency market are attracting attention. An institutional investor with holdings in Aave ($AAVE) and Worldcoin ($WLD) has reportedly transferred cryptocurrency assets worth a total of $33.18 million to centralized exchanges (CEXs).

According to on-chain data, in transfers that took place approximately an hour ago, a total of 6,000 Ethereum ($ETH), 19 million Worldcoin ($WLD), and 62,000 Aave ($AAVE) were sent to multiple centralized exchanges.

The values of the transferred assets are as follows:

• Ethereum ($ETH): 6,000 units – $14.4 million
• Worldcoin ($WLD): 19 million units – $9.67 million
• Aave ($AAVE): 62,000 units – $9.11 million

A Whale’s Sale Causes a 15% Drop in Altcoin Prices

On the other hand, a large-scale transaction carried out by cryptocurrency whale Salem1299534 also attracted attention.

According to the shared data, the whale sold 20.06 million AI tokens approximately two hours ago, receiving 461 $ETH in return, which is about $1.09 million.

Following this large sell-off, the price of AI reportedly experienced a sharp 15% drop in a short period of time.

It was reported that the whale’s total profit from AI transactions reached $2.14 million. According to the data, the investor generated a total of $3.12 million in sales revenue from AI tokens that he initially acquired at a cost of $980,000.

*This is not investment advice.