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Home»ALTCOIN NEWS»Whale has amassed over $178,900,000 in Ethereum (ETH) in less than 2 weeks: Lookonchain
ALTCOIN NEWS

Whale has amassed over $178,900,000 in Ethereum (ETH) in less than 2 weeks: Lookonchain

By Crypto FlexsFebruary 20, 20243 Mins Read
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Whale has amassed over 8,900,000 in Ethereum (ETH) in less than 2 weeks: Lookonchain
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An unknown cryptocurrency whale accumulated 64,000 Ethereum (ETH) in just 11 days, according to on-chain data.

Blockchain tracking service Lookonchain note Since February 8, anonymous whales have acquired 64,346 ETH worth $178.9 million from both centralized and decentralized cryptocurrency exchanges.

Blockchain explorer Etherscan shows the whale first accumulated 1,100 ETH on February 8th. adding A few days later, 9,959 ETH worth $24.67 million appeared on the cryptocurrency exchange Binance.

Afterwards, investors with ample funds expenditure USDT, a dollar-pegged stablecoin worth $60 million, earns 21,353 ETH for $2,810. Lookonchain said the whale withdrew 10,649 ETH, worth $30.68 million, from Binance.

Yesterday, the cryptocurrency whale withdrew 11,587 ETH worth $33.5 million from Binance, adding to its already large Ethereum stack.

Source: Lookonchain/X

At the time of writing, Ethereum is trading at $2,920.

According to cryptocurrency analytics platform Arkham Intelligence, whales currently hold a total of 74,383 ETH worth $217.57 million at the time of this writing. The whale also holds 5,491 staked Ethereum (STETH) worth $16.02 million in decentralized finance protocol Lido (LDO).

Additionally, investors with deep pockets hold approximately $29.9 million worth of USDT. As of this writing, the total value of cryptocurrency assets in whale wallets is just over $263 million.

Meanwhile, Lookonchain discovered that another whale had one. unload A significant amount of the native token of the video infrastructure network Livepeer (LPT).

“With LPT prices hitting record highs, the whale deposited all 148,215 LPT ($2.96 million) into Binance, making a profit.”

video
Source: Lookonchain/X

The whale earlier Some of the LPT was sold on the MEXC cryptocurrency exchange and some was withdrawn.

“Whale sold 35,000 LPT ($630,000) on MEXC for a profit.

This whale deposits 100,000 LPT into MEXC, then withdraws 65,000 LPT, possibly selling 35,000 LPT.

Whales (reserves) are 212,371 LPT ($3.93 million), with total revenue from LPT exceeding $3.5 million.”

video
Source: Lookonchain/X

LPT is trading at $16.19 at the time of this writing.

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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 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: DALLE3

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