According to on-chain data, a crypto whale is collecting massive amounts of Uniswap (UNI) and Aave (AAVE).
Blockchain tracking company Lookonchain reports that the deep-pocketed investor abruptly spent $4 million to add more UNI, the original asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his holdings of digital assets.
“A whale/institution re-purchased AAVE and UNI [on Tuesday]. He deposited 4 million USDC [crypto exchange] Kraken then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently owns 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).
Aave is trading at $89.61 at the time of writing, up 6% in the last 24 hours. Meanwhile, UNI is trading at $8.06 at the time of writing, down slightly on the day.
Also take a look at Chain reports that Elwood Technologies, a crypto infrastructure and market data platform founded by billionaire Alan Howard, suddenly moved nearly 18,000 Ethereum (ETH) to Binance, the world’s largest exchange by trading volume.
“Elwood deposited 17,900 ETH ($54.9 million) into Binance [on July 8th].”
Ethereum is trading at $3,105 at the time of writing, up more than 1% in the past 24 hours.
Finally, Lookonchain noticed a crypto whale has moved a huge amount of Bitcoin (BTC) to Binance.
“The whale has deposited another 809 BTC ($45.18 million) into Binance [on July 8th]. He has deposited 7,790 BTC ($468 million) with Binance since June 27 and currently owns 6,559 BTC ($379 million).
Bitcoin is trading at $57,465 at the time of writing, down slightly in the past 24 hours.
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Generated image: Midjourney
