According to blockchain tracking firm Lookonchain, one cryptocurrency whale has gobbled up about $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21.
Look on chain note Whales spent $20 million of the stablecoin USDC earlier this week to purchase $10 million worth of ETH and $10 million worth of WBTC.
USDC is the second largest stablecoin by market capitalization and aims to maintain a 1:1 peg with the US dollar.
Since December 21, whales have purchased a total of 13,843 ETH (average price $2,388) and 461 WBTC (average price $43,168).
WBTC is an ERC-20 token pegged to the price of Bitcoin (BTC), allowing traders to speculate on Bitcoin while remaining within the Ethereum ecosystem. The 17th largest cryptocurrency asset by market capitalization is trading at $43,530 at the time of this writing. As of this writing, ETH is trading at $2,411.
Recently, a mysterious cryptocurrency whale or entity appears to have hoarded the native assets of the decentralized oracle network Chainlink (LINK), according to Lookonchain.
cryptocurrency tracker report Whales or institutions withdrew 2,745,815 LINK worth $49.9 million from leading cryptocurrency exchange Binance through 49 new wallets.
LINK is trading at $18.47 at the time of this writing. The 13th-largest cryptocurrency asset by market capitalization is up more than 18% in the past seven days and more than 28% in the past month.
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