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A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data.
Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings.
“A whale/institution bought AAVE and UNI again [on Tuesday]. He deposited 4 million USDC to [crypto exchange] Kraken, then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently holds 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).”
Aave is trading for $89.61 at time of writing, up 6% in the last 24 hours. Meanwhile, UNI is trading for $8.06 at time of writing, down slightly on the day.
Lookonchain also reports that Elwood Technologies, a crypto infrastructure and market data platform founded by billionaire Alan Howard, suddenly moved nearly 18,000 Ethereum (ETH) to Binance, the world’s largest exchange by trading volume.
“Elwood deposited 17,900 ETH ($54.9 million) into Binance [on July 8th].”
Ethereum is trading for $3,105 at time of writing, up more than 1% in the last 24 hours.
Lastly, Lookonchain noticed a crypto whale has been moving a massive amount of Bitcoin (BTC) onto Binance.
“The whale deposited 809 BTC ($45.18 million) to Binance again [on July 8th]. He has deposited 7,790 BTC ($468 million) to Binance since June 27th and currently holds 6,559 BTC ($379 million).”
Bitcoin is trading for $57,465 at time of writing, down slightly in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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