Binance Witnesses Whales Amassing Chainlink, Pepe, and Three Other Altcoins, According to Lookonchain
Reports suggest that whales had a lucrative weekend, as they made off with millions of dollars’ worth of digital assets from Binance, a leading cryptocurrency exchange. According to blockchain tracking firm Lookonchain, on Saturday, crypto whales withdrew significant amounts of various tokens from Binance, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR), and Ethereum Name Service (ENS). For example, 0x1A2E withdrew 322.48 billion PEPE (equivalent to $2.78 million) from Binance on May 4th. Additionally, aavebank.eth withdrew 500,000 UNI ($3.75 million), 183,799 LINK ($2.62 million), 171 MKR ($500,000), and 31,139 ENS ($483,000) from Binance on the same day. Lookonchain also discovered that DWF Labs, a web3 investment firm, transferred $2 million worth of the stablecoin USDC to a multi-sig safe wallet that already holds 10 million Polygon (MATIC) tokens. In a separate finding, Lookonchain revealed that two whitelisted wallets achieved massive gains on a meme asset called BRETT, built on Coinbase’s Ethereum layer-2 scaling solution, Base. These wallets spent 0.034 ETH worth $102 to purchase a combined 172.56 million BRETT in February. They later sold the BRETT for 890.65 ETH worth $3.14 million, resulting in significant profits. It is important for investors to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. As with any transfers and trades, there is a level of risk involved, and any losses incurred are the responsibility of the individual. The Daily Hodl does not provide investment advice or act as an investment advisor, and it does not endorse the buying or selling of any cryptocurrencies or digital assets.