Earlier today, a whale pulled millions worth of Ethereum from Binance. Whale used it to buy UNI and AAVE. The prices of both UNI and AAVE have increased by more than 10% in the past day. The price of ETH is up just over 1% despite the whale’s large withdrawals of ETH.
Whale pulled thousands of Ethereum to buy UNI and AAVE
Crypto analytics platform Lookonchain revealed today that a whale has withdrawn a significant amount of Ethereum inside it. In its post, Lookonchain stated that the whale has withdrawn 2,096 ETH (equivalent to $4 million) from the cryptocurrency exchange Binance. Shortly after, the whale purchased 184,664 Uniswap (UNI) tokens using 500 Ethereum (about $960,000) at a price of $5.2 per token. The whale also bought 24,252 Aave (AAVE) tokens at a price of $68.25 per token, spending 862 Ethereum (about $1.65 million).
How is the price performance of the respective altcoins?
Meanwhile, data from CoinMarketCap showed that both UNI and AAVE have seen huge increases in their prices in the last 24 hours of trading. UNI saw a price increase of more than 11%. At the time of writing, the token was trading at $5.39. This pushed the crypto’s weekly performance towards the green with 19.78%.
UNI daily price chart / Source: CoinMarketCapIn addition, there was a 118.55% increase in UNI’s 24-hour trading volume. This kept it at about $106 million at press time. Meanwhile, cryptocoin.com As you follow, UNI reached an all-time high in May 2021. However, the UNI price has dropped more than 88% since then.
AAVE daily price chart / Source: CoinMarketCapAAVE saw its price increase more than 24% in the past day. Thus, it became one of the top earners among the top 50 cryptocurrencies. As a result, AAVE was worth $72.09 at press time. Also, at the time of writing, it was trading close to the 24-hour high of $73.53.
Altcoin’s weekly performance is also firmly in the green zone, with +39.84% after its latest rise. AAVE has a total market cap of $1,037,394,232. With this market cap, AAVE has become the 40th largest cryptocurrency. Despite the whale’s massive ETH draw, the altcoin leader managed to gain 1.23% last trading day. As a result, ETH traded at $1,910.73
