A crypto whale is turning heads as it goes on a massive buying spree, purchasing more than $180 million worth of digital assets in just a few days.
According to the blockchain tracking service Lookonchain, the investor with deep pockets scooped up approximately $187 million worth of cryptocurrencies in three days, including Bitcoin (BTC), the Binance ecosystem’s native token Binance Coin (BNB), and Ethereum (ETH).
“It appears that a whale has collected ~$187 million in assets from Binance in the last three days, including: 2,380 BTC ($90.64 million)
172,000 BNB ($39.19 million)
16,300 ETH ($33.61 million)
200,000 SOL ($12.2 million)
530 billion SHIB ($4.4 million)
460 million IOST ($4.2 million)
1.6 million MATIC ($1.22 million)
CHZ 16 million ($1.16 million).”
Look at chain say it appears the same whale created the wallets in June and withdrew a large number of assets from crypto exchange Binance at the time.
“All three wallets were created on June 8 and withdrew assets from Binance at the same time. Probably the same whale.”
Also the on-chain tracking service notices a huge amount of stablecoin USDT is minted and flows in crypto exchanges.
“In November, five billion USDT was minted on Tron and Ethereum. Where has all this minted USDT gone?
On Ethereum, whale ‘0x1dBb’ received ~1.5 billion USDT from Tether Treasury and transferred it to exchanges.
On Tron, 2.56 billion USDT was transferred from Tether Treasury to Kraken via deposit address ‘TQef1n’.”
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Generated image: DALLE3