Attention: Mysterious Whales Activate LINK, LDO, and These 8 Altcoins!

Through a series of remarkable maneuvers, leading whale addresses in the cryptocurrency market are actively accumulating, transferring and trading significant amounts of tokens such as LINK, LDO. The blockchain analytics community is watching these addresses closely, shedding light on the size of these transactions and their potential impact on the market.

The whale accumulated aggressively

The Data Nerd, a leading data watchdog, reported on August 22 that huge whale addresses starting with “0x011” entered a flurry of activity, collecting a significant number of tokens in a 24-hour period. Notably, these addresses obtained a total of 3.73 million OP tokens, which equates to about $5.68 million. The current assets of these addresses have reached an impressive 8.1 million OPs. Additionally, addresses have added 1.5 million BLUR tokens worth approximately $327,000 to their portfolio. BLUR assets have reached 26.7 million tokens currently worth approximately $5.7 million. These purchases were made at an average purchase price of $0.35 per token. Additionally, addresses purchased 300,000 DYDX tokens, worth a total of approximately $579,000. As of now, addresses hold 4.95 million DYDX tokens worth approximately $9.5 million, purchased at an average price of $2.2.

USDT, USDC, LDO and UNI were also in the focus of whales

In another interesting development, on August 21, a major whale address responded to the recent market turbulence by investing 10 million USDC and 57 million USDT in both Binance and OKX. The address then arranged a strategic withdrawal of 17,901 ETH, corresponding to about 30 million USD, from the same exchanges. This maneuver shows that the address is a calculated response to evolving market conditions, indicative of a smart decision.

Ember, a data analyst in the blockchain ecosystem, announced on August 22 that a giant whale address has made a notable asset transfer. The address in question moved a significant amount of assets to Coinbase Prime, including 1,168,596 UNI tokens worth approximately $5.59 million and 1,149,453 LDO tokens equivalent to approximately $1.85 million. It turns out that these UNI and LDO tokens were first purchased from Coinbase Prime within the first two months of their existence. The average price of UNI tokens at that time was $6.26, while the average price of LDO tokens was $2.38. The data show a potential realized loss of $3.19 million, of which 1.73 million for UNI and 1.46 million for LDO.

Whales came to the fore with LINK investment

Data from Lookonchain revealed the dynamic movements of a whale address on August 22, which included borrowing activities and strategic investments. This address successfully secured a loan of 400,000 USDC from Aave and 555,700 USDC from Compound. The address then invested a total of 955,700 USDC to purchase 153,446 LINK tokens at an average price of $6.23. This calculated move highlights the address’s willingness to leverage its assets to make strategic gains.

In a fascinating turn of events, it turns out that an intriguingly important cryptocurrency whale address is taking advantage of the market drop. Whale wallet transferred a staggering $67 million in the form of USDC and USDT to major crypto exchanges like Binance and OKX after an unexpected market crash. Remarkably, a significant $30 million of this capital was allocated to purchase 17,901 Ethereum and then secured in the address’s cold wallet. Currently, according to the latest available data, the wallet holds $37 million in cryptocurrency accounts.