Four Major Crypto Whales Execute Large Altcoin Transactions in Recent Hours: Here are the Details
According to data from on-chain sources, several prominent cryptocurrency whales have engaged in substantial transactions within the past few hours.
0x437, a newly emerged cryptocurrency wallet, withdrew a staggering amount of SYN, totaling 2.33 million coins (equivalent to $2.02 million), from Coinbase through four separate transactions within the last four hours. Impressively, the wallet continues to hold the same amount of SYN. Worth noting is the recent 4.29% increase in the price of SYN within the past hour.
The whale associated with the concise wallet address 0x8b4 is suspected to deposit 1.11 million APE, valued at $1.54 million, into Coinbase wallet number 10. This deposit signifies the wallet’s first instance of depositing APE into a central exchange (CEX). Interestingly, this same asset was withdrawn from Coinbase in the amount of 67.06 thousand APE, two months prior.
Whale 0x4d1 carried out a notable deposit of 4.12 million MATIC (equivalent to $3.12 million) into Coinbase Prime, marking the first time this particular whale has deposited MATIC onto a centralized exchange. Additionally, it’s worth mentioning that this wallet withdrew 469.23 thousand MATIC (worth $355.38 thousand) from a central exchange in two transactions over the past six days.
In another significant move, 0x958, another whale with a short wallet address, deposited a substantial amount of 3.34 million BLUR (equivalent to $2.06 million) onto Coinbase Prime. This deposit represents the first time the wallet in question has deposited BLUR into an exchange.
Overall, these recent transactions made by these four noteworthy cryptocurrency whales demonstrate their active involvement in altcoin trading, as well as their potential influence in the market.