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Home»ALTCOIN NEWS»Institutional Cryptocurrency Firm Anchorage Digital Accumulates 8-Digit Value of Ethereum DeFi Coins: Lookonchain
ALTCOIN NEWS

Institutional Cryptocurrency Firm Anchorage Digital Accumulates 8-Digit Value of Ethereum DeFi Coins: Lookonchain

By Crypto FlexsMay 8, 20242 Mins Read
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Institutional Cryptocurrency Firm Anchorage Digital Accumulates 8-Digit Value of Ethereum DeFi Coins: Lookonchain
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Cryptocurrency bank Anchorage Digital is attracting attention by suddenly accumulating a large amount of single decentralized finance (DeFi) altcoins.

Blockchain tracking company Lookonchain Called Anchorage Digital has amassed more than $49.4 million in MKR, the DeFi protocol maker’s native token, using 13 wallets over the past month.

The most recent purchase occurred on Monday, when Anchorage Digital purchased $6.28 million worth of MKR from Binance using two newly created wallets, according to Lookonchain.

At the time of writing, MKR is trading at $2,816, down 1.4% in the last 24 hours.

Look on chain too notice One talented investor quickly made $3 million after purchasing massive amounts of Bitcoin (BTC) during last week’s market correction. At the time, the highest cryptocurrency asset fell to the low $50,000 range.

“Earn over $3 million in just 4 days! Whales that purchased BTC at the low point (May 3rd) deposited 767 BTC ($48.46 million) into Binance for profit (May 6th). After the market fell, he withdrew 767 BTC ($45.44 million) from Coinbase on May 3 for 59,226 BTC.

Address: 1PGncMc8diiELpe4JAVCY51fcQ215JegAF.”

Source: Lookonchain/X

Bitcoin is trading at $62,395 at the time of this writing, down 1.6% in the last 24 hours.

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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 you will be responsible for any losses you may incur. 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

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