Whale Shifts Uniswap (UNI) and Aave Tokens From Kraken: Lookonchain
A noteworthy crypto whale has embarked on a significant accumulation of Uniswap (UNI) and Aave (AAVE), as per on-chain data.
Blockchain tracking firm Lookonchain has unveiled that this deep-pocketed investor swiftly spent $4 million to bolster their holdings of UNI, the native cryptocurrency of the decentralized exchange (DEX), and AAVE, a money market protocol.
Lookonchain stated, “A whale/institution bought AAVE and UNI again [on Tuesday]. They deposited 4 million USDC to crypto exchange Kraken, subsequently withdrawing 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. Their current holdings stand at 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).”
As of now, Aave is being traded at $89.61, noting an increase of 6% in the last 24 hours. Conversely, UNI is currently traded at $8.06, experiencing a marginal dip for the day.
Further, Lookonchain also reported that Elwood Technologies, a crypto infrastructure and market data platform established by billionaire Alan Howard, abruptly transferred nearly 18,000 Ethereum (ETH) to Binance, the world’s leading exchange by trading volume.
“Elwood deposited 17,900 ETH ($54.9 million) into Binance on July 8th.”
At present, Ethereum is being traded at $3,105, marking a more than 1% increase in the last 24 hours.
Lastly, Lookonchain observed a crypto whale who has been progressively transferring an immense amount of Bitcoin (BTC) to Binance.
“The whale deposited 809 BTC ($45.18 million) to Binance again on July 8th. They have deposited 7,790 BTC ($468 million) to Binance since June 27th and currently hold 6,559 BTC ($379 million).”
Bitcoin is currently being traded at $57,465, encountering a slight drop in the last 24 hours.
Generated Image: Midjourney