dailyhodl.com
An Ethereum ($ETH) whale has been spotted withdrawing tens of millions of dollars worth of the leading altcoin from crypto exchange Binance over the last month.
Blockchain tracking firm Lookonchain reports that an Ethereum whale has withdrawn 50,100 $ETH worth over $91 million from Binance since June 8th.
“This whale withdrew 8,500 $ETH ($16.3 million) from Binance again…
The whale has withdrawn 50,100 $ETH ($91.2 million) from Binance since June 8 and staked 34,560 $ETH ($65 million).”
Lookonchain also spotted another whale buying large amounts of $ETH. The deep-pocketed investor also accumulated the decentralized stablecoin lending project CurveDAO ($CRV) and the Ethereum liquid staking service Lido ($LDO)
“A whale (probably czsamsunsb.eth) bought $ETH and $CRV today!
He borrowed 8 million $USDC from Aave and spent 6 million $USDC to buy 3,115 $ETH at $1,926…
And he withdrew 1.83 million $CRV ($1.41 million) and 1,222 $ETH ($2.35 million) from Binance…
He also withdrew 143,533 $LDO ($326,000) from Binance and spent 800 $ETH (1.42 million) to buy 737,921 $LDO at $1.92 from June 7 to June 11.”
Last week, Lookonchain tracked down a whale with a history of extremely clutch trades in the past, including selling Ethereum ($ETH) at a local top, trading $USDC for $ETH before it lost its dollar peg and withdrawing all of its funds from the crypto exchange FTX right before the bankrupt centralized platform suspended user withdrawals.
“A smart whale deposited 16 million $USDC to Binance…
The smart whale:
Dumped 34,000 $ETH ($65.4 million) when the price was $1,930.
Exchanged $USDC for $ETH during the $USDC de-pegging.
Withdrew all assets from FTX before FTX suspended withdrawals.”
