Significant Whale Activity in Altcoins: Here Are the On-Chain Data

Whale activity is attracting attention in the cryptocurrency market. On-chain data has revealed both large inflows and outflows to and from centralized exchanges in recent hours, as well as the reactivation of wallets that had been inactive for a long time.

According to the data, a whale that had been inactive for approximately 3 months deposited 2,015 $ETH (approximately $6.67 million) into the HTX exchange. It appears that this whale previously withdrew these $ETH for $8.73 million, closing the position with a loss of approximately $2.04 million with this current transaction.

On the institutional side, DWF Labs withdrew 6.93 million FXS from the Binance exchange. The current market value of this transaction is estimated to be approximately $5.41 million.

During the same period, another whale reportedly withdrew 12,000 $ETH (approximately $39.98 million) from Binance, bringing their total balance to 80,980 $ETH (approximately $269.46 million).

A newly created wallet labeled “0xF3c” was also seen withdrawing 2,400 $ETH (approximately $7.52 million) from Binance. Additionally, a whale named “0xE3f” staked 2,500 $ETH (approximately $7.84 million) via Everstake. These $ETH appear to have been acquired 6–9 years ago from exchanges such as Bithumb, Korbit, and Upbit.

Meanwhile, a notable move occurred in the DeFi arena. A whale spent 501 $ETH (approximately $1.57 million) to buy 9,157 $AAVE at an average price of $171.4. It was also reported that the same investor had previously bought and staked a total of 78,074 $AAVE (approximately $16.75 million) at a price of $214.5, earning a return of 463 $AAVE from this position.

*This is not investment advice.