Crypto Whales Accumulate These 5 Altcoins on Binance
Over the weekend, significant movements were observed in the digital asset space as whales engaged in notable transactions on the Binance cryptocurrency exchange.
According to blockchain monitoring company Lookonchain, substantial amounts of various tokens were withdrawn from Binance, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR), and Ethereum Name Service (ENS).
Specifically, transactions involving these tokens were noted:
- 0x1A2E withdrew 322.48 billion PEPE ($2.78 million) from Binance on May 4th.
- Aavebank.eth withdrew 500,000 UNI ($3.75 million), 183,799 LINK ($2.62 million), 171 MKR ($500,000), and 31,139 ENS ($483,000) from Binance on May 4th.
In addition, DWF Labs, a Web3 investment firm, transferred $2 million worth of USDC stablecoin to a multi-signature safe wallet already containing 10 million Polygon (MATIC) tokens.
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Looking back to the previous month, Lookonchain discovered significant gains made by two whitelisted wallets through transactions involving a meme asset built on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution.
Whitelisted wallets, which are addresses approved for specific crypto events like initial coin offerings (ICOs), were involved in purchasing a combined 172.56 million BRETT (BRETT) tokens for 0.034 ETH worth $102 in February.
Subsequently, they sold the BRETT tokens for 890.65 ETH worth $3.14 million, resulting in substantial profits.