Data Speaks: Whales Are Buying and Selling OP and These 5 Altcoins!

The cryptocurrency market has witnessed important transactions that have attracted the attention of both analysts and enthusiasts, along with recent whale activities. Notable movements involving coins such as Optimism (OP), LDO, BLUR, etc. showcase the dynamic nature of the crypto asset space. Now let’s examine the latest whale transactions that took place on November 29…

Whales trade with OP and these coins

Whale continues to accumulate LDO on Binance

Lookonchain observations have revealed that a prominent whale or institution has once again deposited a significant amount of 500,000 LDO (equivalent to $1.17 million) on Binance. As of the latest data, the whale currently holds 3.6 million LDOs worth 8.4 million USD. In particular, the whale has been known to strategically sell LDO at price peaks.

ETH and BLUR are withdrawn from exchanges

According to The Data Nerd’s observations, over the last 17 hours, a whale address starting with 0x6da has withdrawn a total of 4.2 million BLUR (equivalent to $2.22 million) from Binance at a price of $0.53. What sets this transaction apart from others is that all BLUR withdrawn, as well as 150,000 ETH from the whale’s portfolio, are deposited into Blast for staking.

On the other hand, in-depth analysis by analyst @ai_9684xtpa reveals that a whale recently purchased 973 ETH worth $1.99 million at a purchase cost of $2,047. This strategic whale has been continuously creating ETH positions since September, accumulating a total of 27,257 ETH at an average cost of $1,717. The whale’s assets are estimated at $150 million, including DeFi holdings, with additional positions in LDO and LINK.

Profitable MKR transfer to Coinbase

Yet another expose from @ai_9684xtpa explains that a whale transferred 1,755 MKR worth $2.58 million to Coinbase. The transfer follows a series of transactions that took place between October 19 and November 1, with an average cost of $1,398. Assuming a complete sale, the whale could make a profit of approximately $150,000.

Sale alert sounded for OP token

On the other hand, a new transaction tracked by Ember reveals that a whale transferred 4,086,322 OP (approximately $7 million) to Binance. The origin of these tokens dates back to a transaction with Amber Group in which the whale received 6,910,370 OP at a price of $1.75. With the current balance standing at 2,824,048 OP worth $4.86 million, questions arise about the reasons behind this strategic maneuver.

Ethereum ICO participant prepares for sale

Lookonchain reported a significant deposit transaction as an Ethereum ICO participant added 3,000 ETH to Kraken, worth $6.2 million. This participant initially purchased 20,000 ETH from Genesis at a cost of $6,200 and now holds 5,172 ETH worth $10.7 million.

There are whale transactions in XRP too

Finally, Whale Alert reported a significant transaction involving the transfer of 32,078,901 XRP (equivalent to $19,557,285) to Bithumb crypto exchange. These latest whale transactions provide a glimpse into the complex strategies used by influential players in the cryptocurrency market.