We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
Altcoin whales collected four different altcoins from the market in the last 24 hours and invested a total of $16 million.
According to data from the blockchain analysis platform Lookonchain, these whales trade heavily especially on Binance and OKX exchanges.
New Whales, New Capital
Another noteworthy point is that the majority of wallets purchasing these altcoins are newly opened. This indicates the presence of whales that have just entered the market and brought in significant amounts of fresh capital.
Altcoins Preferred by Whales
Uniswap (UNI): A whale invested approximately $8.5 million by withdrawing 870 thousand 827 UNI from OKX in the morning.
Bluzelle (BLZ): Around the same time, another whale purchased 7.69 million BLZ from Binance, worth $2.16 million.
PEPE: Two different whale addresses have withdrawn a total of 303.4 billion PEPE from Binance and OKX exchanges since last night and invested $3.8 million. One of these whales has invested in PEPE in the past weeks and has a total of 438.5 billion PEPE in its wallet.
Tellor (TRB): According to Etherscan data, another whale bought 20 thousand 628 TRB ($1.9 million) from Binance.
Whales Don't Sell
Blockchain data shows that whales have not sold these tokens they have purchased so far.
This can be interpreted as an indicator of their strong belief in the altcoin market and their optimistic outlook for the future.
However, time will tell whether these purchases will lead to a permanent increase in prices.
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