Revealed: Whales Are Buying and Selling These 5 Altcoins on Binance

In the ever-evolving cryptocurrency world, September 4 witnessed many significant transactions and price fluctuations among various altcoin projects. Giant whales have played an important role in shaping market dynamics with their significant assets. Here are the details…

Whales took action with UNFI

UNFI, the native token of the Unifi Protocol, has seen a significant increase in its price in the past month. According to data from The Data Nerd monitoring, UNFI’s price has risen by a staggering 270% during this time. In particular, a massive whale known as “0x475” made waves by transferring 156,000 UNFI tokens (equivalent to $1.46 million) to Binance just 17 hours ago, making a staggering profit of $641,000. It’s worth noting that this giant whale still has 750,000 UNFI on hand, making an unrealized profit of $3.08 million considering the average holding price of $5.27.

Another on-chain address starting with “0x674” displayed a significant accumulation of UNFI, purchasing 1.31 million UNFI (approximately $12.11 million) on Binance at an average price of $5.73. Meanwhile, addresses starting with “0x997” have also actively participated in UNFI movements, increasing the moves surrounding this cryptocurrency.

MKR, ARB attracted attention

Moving on to Maker (MKR), a giant whale identified as “0x4751” attracted attention by transferring 7,400 MKR tokens (equivalent to $8 million) from Binance just two hours ago. This transfer briefly increased the price of MKR to $1,185 before settling at $1,089. Giant whale addresses starting with “0x475” have made significant moves, withdrawing a total of 11,231 MKR tokens from Binance in the last four hours, worth approximately $11.3 million. The average price of a single MKR token in this transaction was approximately $1,125.

Previously, on September 4, the same whale made a significant UNFI transaction, highlighting its effects on multiple cryptocurrencies. Arbitrum (ARB) took an interesting turn when an on-chain data analyst from Ember reported a large whale address withdrawing 2.689 million ARB tokens from CEX and transferring them to Binance. This move raises questions about the whale’s intentions, as selling immediately after the transfer would result in a significant loss of $850,000.

Altcoin projects SNX and LPT are also in the focus of whales: Their prices increased

Meanwhile, a new address shook up the SNX and LPT markets by withdrawing 3,000,996 SNX (about $6.73 million) and 502,385 LPT (about $3.9 million) from Binance just five hours ago. As of the latest data, SNX is trading at $2.22, recording a 24-hour increase of 11.03%, while LPT is trading at $7.65, an increase of 15.54%.