A cryptocurrency whale is gaining attention for selling millions of dollars worth of decentralized finance (DeFi) altcoins amid a market correction.
According to blockchain tracking firm Lookonchain, one wealthy investor sold After the asset fell below $2,000, it secured MKR, the DeFi protocol maker’s native token, within days.
“One whale dumped 2,658 MKR in (4) days for 5.37 million DAI or an average of $2,022. And the price of MKR has fallen 7.6% since whale speculation began.
The whale still holds 2,007 MKR ($3.9 million) so be careful not to sell it again!”
Maker is trading at $1,973.71 at the time of this writing, up slightly over the past 24 hours.
Look on chain too notice There is news that another cryptocurrency whale has stolen a large amount of decentralized oracle network Chainlink (LINK).
“New wallets withdrew a total of 424,259 LINK ($6.26 million) from Binance (January 28).”
LINK is trading at $15.05 at the time of this writing, up almost 1.42% in the last 24 hours.
Formerly a blockchain tracking company reported One trader made huge profits by buying and selling Wen (WEN), a memecoin built on the Solana (SOL) network. By selling WEN, the trader gained $682,000 in USDC and retained $941,000 in unrealized profits.
“In just 14 hours, this trader made over $1.6 million trading MEME Coin WEN! He spent 125,500 USDC to buy 20 billion WEN when WEN opened for trading, and sold 12.5 billion WEN for 807,000 USDC, realizing a profit of 682,000. It currently holds 7.6 billion WEN ($941,000), with unrealized profits of $941,000.”
At the time of writing, WEN is trading at $0.000111, down more than 30% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney