According to data from the chain, an unknown cryptocurrency whale has collected more than 64,000 Ethereum (ETH) in just eleven days.
Blockchain tracking service Lookonchain notes that an anonymous whale has acquired 64,346 ETH worth $178.9 million from both centralized and decentralized crypto exchanges since February 8.
Blockchain explorer Etherscan shows that the whale had initially collected 1,100 ETH on February 8 before add 9,959 ETH worth $24.67 million from crypto exchange Binance a few days later.
Then the investor with deep pockets spent $60 million in dollar-pegged stablecoin USDT to acquire 21,353 ETH at $2,810. After the big purchase, the whale withdrew 10,649 ETH worth $30.68 million from Binance, according to Lookonchain.
Yesterday, the crypto whale expanded its already large Ethereum stack by withdrawing 11,587 ETH worth $33.5 million from Binance.
Ethereum is trading at $2,920 at the time of writing.
According to crypto analytics platform Arkham Intelligence, the whale is currently holds a total of 74,383 ETH worth $217.57 million at the time of writing. The whale also owns 5,491 Staked Ethereum (STETH) worth $16.02 million on the decentralized finance protocol Lido (LDO).
Furthermore, the deep-pocketed investor owns approximately $29.9 million worth of USDT. The total value of the crypto assets in the Whale’s wallet is just over $263 million at the time of writing.
Meanwhile, Lookonchain discovers that another whale did just that discharged a significant amount of the native token of the video infrastructure network Livepeer (LPT).
“When the price of LPT peaked, the whale poured all 148,215 LPT ($2.96 million) to Binance to sell for a profit.”
The whale had earlier sold some of his LPT on the MEXC crypto exchange while withdrawing some.
“A whale sold 35,000 LPT ($630,000) on MEXC for a profit.
This whale deposited 100,000 LPT to MEXC and then withdrew 65,000 LPT, possibly selling 35,000 LPT.
The whale [held] 212,371 LPT ($3.93 million), and the total profit on LPT exceeds $3.5 million.”
LPT is trading at $16.19 at the time of writing.
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Generated image: DALLE3