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According to blockchain monitoring company Lookonchain, substantial amounts of various tokens were withdrawn from Binance, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR), and Ethereum Name Service (ENS).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.
READ MORE: Sui Network Addresses Concerns Over Token Supply and Founder Control
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
