Bitcoin and altcoins have experienced sudden and significant declines over the past two months. Some whales saw this sharp decline as a buying opportunity and made additional purchases.
At this point, Whale also purchased Ethereum (ETH) and seven other altcoins. According to Lookonchain’s post, Whale took advantage of the decline and purchased a total of $35.7 million worth of eight different altcoins.
In addition to ETH, the whale that made the biggest purchase in Ethereum also bought Chainlink (LINK), Ethena (ENA), AAVE, Ondo Finance (ONDO), Uniswap (UNI), SKY, and LDO.
The whale moved these altcoins on-chain to the 0xBC64 wallet.
“Thus, the whales have 3,175 ETH ($10.13 million), 557,937 LINK ($7.99 million), 20.14 million ENA ($5.82 million), 25,396 AAVE ($4.9 million), 6.53 million ONDO ($3.27 million), 340,849 Bought UNI ($205 million), 22.59 million SKY ($1.09 million), 384,075 LDO ($244,000).
This whale created a basket of altcoins with Ethereum and seven other assets, while another whale staked 24,000 ETH that he bought for $2,529 five months ago without selling it.
The whale had an unrealized profit of more than $55 million, but it was not sold. Current profits have fallen from the peak to $14.4 million.
*This is not investment advice.
