Today, there were 4 altcoin transfers, some worth over $20 million, flowing to Binance from different whale wallets.
This altcoin whale transferred $40M to Binance before the market crashed
The whale with address 0xb154 transferred 21,000 ETH and 2.76 million ARB to Binance before the market crashed today. According to Ember’s analysis, the transfer included Ethereum (ETH) worth $39.26 million. Another transaction carried around $3.37 worth of ARBs.
Both transfers took place from whale wallet to Binance. After trading, the price of ETH started to drop at noon. Also, the giant whale was behind the last ARB summit. It sold 9.94 million ARBs, which it moved to Binance on April 16. He withdrew these back to his wallet as 5,985 ETH.
今天凌晨的下跌或许和这位鲸鱼有关系？
这只鲸鱼在今天 1:10 将 2.1 万 $ETH （$39.26M）和 276 万 $ARB （$3.37M）转入了 #Binance，随后 ETH 从 1:30 开始下跌。
他还是上次 ARB 高点出货人：在 4/16 将 994 万 ARB 转入 Binance 出售，然后从 Binance 提回 5985 ETH。
推文由 @LionDEX_CN 赞助 https://t.co/UCt5ZsKFgx pic.twitter.com/Qm6F21nBmj
— 余烬 (@EmberCN) May 9, 2023
An anonymous whale transferred 300 million DOGE to Binance
Another transaction spotted by whale tracker Whale Alert involved Dogecoin (DOGE) worth around $21.73 million. The huge whale transferred a total of 300 million DOGE to Binance during the day. Dogecoin price is down 2.5% after the transfer. It is not yet clear whether the whale is selling or not.
🚨 299,999,999 #DOGE (21,733,783 USD) transferred from unknown wallet to #Binancehttps://t.co/ajMhmuUaxU
— Whale Alert (@whale_alert) May 9, 2023
2 altcoin whales sell 19,090 ETH after Vitalik Buterin sale
On May 7, the two whales sold 19,090 Ethereum (ETH) worth about $35.7 million on Uniswap. The sales come after the Ethereum Foundation and co-founder Vitalik Buterin sold nearly $30 million worth of cryptocurrencies on Kraken a few hours ago.
cryptocoin.com As Etehreum, we mentioned that the team started selling ETH on Kraken last week. The first whale in recent transactions turned 9,950 ETH to 18.63 million DAI. Shortly after, another whale sold 9,140 ETH for 17.07 million DAI.
2 whales panicked and dumped 19,090 $ETH ($35.7M) on #Uniswap after the ETH Foundation dumped 15,000 $ETH ($29.7M) to #Kraken.
– 0x6071 exchanged 9,950 $ETH for 18.63M $DAI at $1,873.
– 0x7641 exchanged 9,140 $ETH for 17.07M $DAI at $1,867.https://t.co/T6eXuuvX55 pic.twitter.com/5OXvo1OdKm
— Lookonchain (@lookonchain) May 7, 2023
After these sales and Buterin’s exit, Ethereum price is trending downwards. Recent actions by Buterin and the Ethereum Foundation raise questions about whether ETH can continue the upward trend seen in the first quarter of 2023.
The last time the Ethereum Foundation sold its holdings, ETH entered a prolonged bear market. It is not yet clear whether prices are currently peaking and whether sellers will force the cryptocurrency to drop further in the coming sessions.
Clairvoyant Labs pulled 1.86 million BLUR from OKX
In another exchange-directed transaction, OKX witnessed crypto investment firm Clairvoyant Labs’ nearly $880,000 BLUR withdrawal. The source of the data, Ember, reported that the company was selling at the cost line and then repurchasing at the bottom.
・Clairvoyant Labs 4/22 从 #OKX 提出 170 万 $BLUR ，当时价格 $0.59；
・5/2 全部转入 #OKX，当时价格 $0.62；
・20 分钟前，Clairvoyant Labs 再从 OKX 提出 186 万 BLUR（$0.88M），目前 BLUR $0.47。BLUR 最近是跌的挺狠的…
看来该机构是做了个波段，在成本线上售出，并在下跌后重新买进。 https://t.co/6AB681K731 pic.twitter.com/M2aYQzm2jH— 余烬 (@EmberCN) May 9, 2023
There is a bearish trend in the cryptocurrency market during transactions. In another highlight of the day, Terra Labs moved 1.8 million CVX 277 days after the crash.
