A cryptocurrency whale was identified by on-chain data as selling a significant amount of altcoins during yesterday’s decline. DeFi is available, a cryptocurrency whale known by the short address 0x57d posted a total of 4.41 million transactions in three DeFi tokens to Binance in the country. The whale took only 13 minutes to complete these activities. Whale deposited 546,268 UNI tokens worth $3.68 million, 250 MKR tokens worth $655,000, and 201,914 1INCH tokens worth $76,000. It is stated that the prices of the investments are $ 6.73 for UNI, $ 2.621 for MKR and $ 0.377 for 1INCH, respectively.
Following these investments, profitable transactions were made for whale, MKR, UNI and 1INCH tokens. For example, the whale made an unrecorded profit of $1.14 million (76.1% increase) from trading 1,390 MKR between August 19, 2023 and April 14, 2024. Similarly, a gain of $375,000 (11.3% increase) was made from the purchase and sale of whale 546,268 UNI between May 12, 2022 and April 14, 2024. In the same period, he made a profit of $100,000 (40.2% increase) from 701,914 1INCH sales. However, the whale still holds a small amount of 7,550 ENS ($93.5k) and 63,005 LQTY ($58.8k) tokens, which face unrealized losses.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.