Whale-watching bots detected transfers of DOGE, SHIB, and LADYS that were over a million dollars each and moved to exchanges. The whales are probably in a sales plan.
Single whale carries 20 trillion SHIB and 3.4 billion DOGE
Whale Alert reported four transactions that moved 5 trillion SHIB worth $43,615.00 each. All four transactions came from a single address. Thus, the whale carried 20 trillion SHIB, worth $175 million in total. The whale is now the 5th largest SHIB holder.
At the same time, Whale Alert reported five transactions that moved 680 billion DOGE, each exceeding $48 million. These transactions also came from a single wallet address. In total, the whale carried 3.4 billion DOGE, worth approximately $250 million. Whale is also currently the 5th largest DOGE owner.
1/ Sharing some interesting findings on $SHIB and $DOGE.
The 5th holder of $SHIB and the 5th holder of $DOGE seem to be the same person, either Jump Trading or a partner of Jump Trading.
Holding 20T $SHIB($176M) and 3.4B $DOGE($248M). pic.twitter.com/6DRz7RG3Yh
— Lookonchain (@lookonchain) May 17, 2023
The whale behind the transactions has been revealed
According to Lookonchain, these transactions are handled by Jump Trading or a partner of Jump Trading. “0x73AF” transferred 20 trillion SHIB ($176 million) to “0x40B3” in four transactions. Almost at the same time, “DDuXGM” transferred 3.4 billion DOGE in five transactions to “DEgDEF”, the 5th largest holder of Dogecoin.
Meanwhile, “DDuXGM” is known to be Robinhood’s cold wallet. Therefore, “DEgDEF” was probably another Robinhood wallet.
Sorry to disappoint you $PEPE people, but those 5 txs earlier today of about $49M each were most likely a move to a cold wallet. That money ain't going to $PEPE.https://t.co/DNUkJUXyM9
— Ðogecoin Whale Alert (@DogeWhaleAlert) May 17, 2023
Suspicious wallets bring trillions of LADYS to exchanges
On May 16, Lookonchain published a list of 86 addresses it termed “suspicious” that sent 90 trillion LADYS to various crypto exchanges. These transfers equated to approximately $11 million. Analysts warn crypto users who are after LADYS to be careful with these wallets.
Lookonchain later released an update where it reports that these wallets are transferring LADYS tokens to crypto exchanges. This time the amount was 12.4 trillion LADYS worth 1.2 million dollars. In total, these mystery wallets have sold 102.5 trillion LADYs in the past two days. They still have 118.6 trillion LADYS, potentially worth $11 million.
Update:
These suspicious addresses deposited 12.4T $LADYS ($1.2M) to exchanges again 8 hrs ago.
Currently hold 118.6T $LADYS ($11M), and deposited 102.5T $LADYS ($9.5M) to exchanges in total.https://t.co/u6Xy1igGb7 pic.twitter.com/if3PCqKY6D
— Lookonchain (@lookonchain) May 17, 2023
DWF Labs buys LADYS for ETH
Lookonchain also reported that market maker DWF Labs purchased 2.6 trillion LADYS for 135 ETH at $0.0000001035. cryptocoin.comWe have included the details of the development in this article.
Reports from May 17 showed that DWF Labs had shipped more than 12 trillion LADYS to several major exchanges, including Huobi, Bybit and Gate.io. However, a DWF Labs representative clarified these transactions. He stated that the wallet was not related to them, but belonged to one of their partners. The cryptocurrencies were then removed from these exchanges and withdrawn to the wallet.
Update: DWF Labs bought a total of 2.36T $LADYS with 135 $ETH($245K) at an average price of $0.000000104.https://t.co/GzIzJW3KcZ pic.twitter.com/gv6G7d6KQx
— Lookonchain (@lookonchain) May 17, 2023
Is there a sale for DOGE, SHIB and LADYS?
According to CMC data, LADYS is currently down over 20%. NFT Token rally with Elon Musk tweet last week. The price is likely to be affected by the hundreds of trillions currently being sold.
On the other hand, DOGE price is up 2% in the last 24 hours and is currently trading at $0.07359. The 24-hour low and high are at $0.071 and $0.074, respectively. Also, the trading volume has slightly increased over the past 24 hours, indicating interest among investors.
Meanwhile, SHIB price continues to move sideways this week. Its price is down 1% in the last 24 hours and it is currently trading at $0.00000865.
