Top Crypto Whales Offload Ethereum (ETH) Altcion Prior to 40% Market Correction: Insights from On-Chain Data

Crypto Whales Offload Millions of Dollars worth of Crypto

Crypto whales took action again, selling off millions of dollars worth of yearn.finance on Saturday before YFI corrected by over 40%. Based on blockchain-tracking firm Lookonchain, one wallet deposited approximately $5.8 million worth of YFI to crypto exchanges, presumably to be sold off.

According to Lookonchain, a chart showed YFI dropping to a low of $8,971 as the whales unloaded their holdings. The asset has since bounced and is trading for $9,408 at the time of writing, up over 2% in the last 24 hours.

1Inch Investment Fund Sells UNI Tokens at a Loss

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Lookonchain also noticed that a wallet linked to the investment fund behind the decentralized exchange (DEX) aggregator 1inch (1INCH) sold Uniswap rallies to offload its UNI tokens for $2.13 million. UNI is trading for $5.09 at the time of writing, nearly the same price as when the 1inch Investment Fund sold its holdings.

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