Bitcoin (BTC) and altcoins rose yesterday following US President Donald Trump’s announcement of talks with Iran and a five-day pause in operations targeting Iran’s energy infrastructure.
As Bitcoin climbed above $71,000, altcoins continued their upward trend.
This situation also spurred whales into action, resulting in new purchases of Ethereum ($ETH) and many altcoins.
According to Lookonchain, a cryptocurrency analysis platform, whales have been buying Ethereum and altcoins.
Accordingly, whales were the first to target Ethereum. In the last two hours, three newly created wallets purchased 54,763 $ETH worth $118.24 million from Binance.
A new wallet named “0x8315” was created and, in a very short time, purchased 10,899 $ETH worth $23.5 million from Binance.
A mysterious whale (0x04d8) made approximately $16.06 million worth of altcoin purchases from Binance about 8 hours ago.
These altcoins include the following:
“43.49 million ENA worth $4.07 million
32,872 AAVE worth $3.64 million
249,741 AVAX worth $2.37 million
595,886 UNI worth $2.13 million
8.07 million ONDO worth $2.05 million
1.49 million PENDLE worth $1.81 million”
While whales accelerated their altcoin purchases, one whale sold at a loss. According to data shared by Lookonchain, 8 months ago, an investor with wallet 0x44a1 bought 2,500 $ETH at an average price of $3,766 ($9.42 million).
The investor who held onto his holdings until today sold all of his remaining 2,250 $ETH for $4.81 million, resulting in a total loss of $4.07 million (-43%).
*This is not investment advice.
