As the bitcoin and altcoin market continues to fluctuate, some major players are making moves that have caught the attention of analysts and investors. Here are the details of the three big transactions that took place on April 24…
Altcoin ARB leaves whale wallets
cryptocoin.com As we reported, some of the 17 ARB whale addresses cleared their positions at a high level after the ARB price experienced a minor rebound, according to statistics from Ember, an on-chain analyst. Of the 17 addresses, 6 were selling, and 4 of these addresses have already sold all of their assets. Meanwhile, 3 whale addresses increased their ARB positions and 8 addresses did not make any changes. This means that these whales have collectively reduced their ARB holdings by about a third during this rally. This news highlights that even big investors are wary of the current volatility in the market and are taking steps to protect their investments.
4/10 整理的这 17 个 $ARB 鲸鱼地址,在 ARB 价格经历了一波小反弹后,有些已高位清仓,有些还在继续买入:
6 个地址有卖出,其中 4 个地址是全部卖出;
3 个地址有加仓;
8 个地址没有变动。总体上这些鲸鱼们在这次反弹里减持了约三分之一的 ARB。
本条推文由 @LionDEX_CN 赞助 https://t.co/dB8SOkZnfA pic.twitter.com/E9JN4HQmQ9
— 余烬 (@BitcoinEmber) April 24, 2023
The address, which has been inactive for 2 years, has taken action
Another interesting development on April 24 was the transfer of 50 million GALA to Coinbase from a giant whale address that started with 0x3bf after being inactive for 2 years. According to data analytics platform Spot On Chain, this transaction averaged $0.041, which represents a significant increase from the average purchase price of $0.003 in September 2020. The estimated profit from this transaction is around $1.9 million, which is a significant return on investment. It is important for the GALA market that this whale address has been dormant for two years and has chosen to do so now.
🚨 A $GALA whale (probably Genesis Trading) just woke up after 2.2 years of dormancy and moved 50M $GALA to #Coinbase at $0.041 ($2.05M) 5 hours ago. $GALA dropped after the transfer 🔻!
💰 Estimated realized profit is $1.9M (x 13.67)
Details 👇👇👇 pic.twitter.com/T8HqL7JML3
— Spot On Chain (@spotonchain) April 24, 2023
Giant MATIC whale transfers coins to Binance
Finally, the Whale Alert platform reported that a giant whale address starting with 0x46e transferred 60 million MATIC (about $59.47 million) to Binance. This move may indicate that the whale address wants to turn some of its assets into cash or make a different investment in the cryptocurrency market. It’s unclear whether this transaction is indicative of a broader trend among major investors, but it’s definitely something to consider.
🚨 🚨 🚨 60,000,000 #MATIC (59,472,041 USD) transferred from Polygon Staking to #Binancehttps://t.co/2m1PJNgY2a
— Whale Alert (@whale_alert) April 24, 2023
Overall, these transactions may indicate the ongoing volatility and uncertainty in the cryptocurrency market. Even large investors are taking steps to protect their investments and making strategic moves in response to market conditions. As always, it’s important for individual investors to stay informed and make careful decisions based on their own risk tolerance and investment goals.