A Crypto Whale Acquires $53 Million Worth of Ethereum and Wrapped Bitcoin
A blockchain tracker called Lookonchain has reported that a single crypto whale has purchased almost $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st. The whale recently spent $20 million of the stablecoin USDC to buy $10 million worth of ETH and $10 million worth of WBTC.
The whale’s purchases include a total of 13,843 ETH, acquired at an average price of $2,388, and 461 WBTC at an average price of $43,168. WBTC is an ERC-20 token that tracks the price of Bitcoin and operates within the Ethereum ecosystem. At present, WBTC is trading at $43,530, while ETH is trading at $2,411.
Accumulation of Chainlink’s Native Asset
Lookonchain also indicates that another mysterious crypto whale or institution has been accumulating Chainlink’s native asset (LINK). The entity withdrew 2,745,815 LINK worth $49.9 million from Binance via 49 new wallets.
Currently, LINK is trading at $18.47 and has experienced an increase of over 18% in the past seven days and more than 28% in the past month.
Hot Take: Crypto Whale’s Massive Acquisitions Raise Questions
A single crypto whale’s significant acquisitions of Ethereum, Wrapped Bitcoin, and Chainlink’s native asset have caught the attention of the crypto community. With purchases amounting to nearly $53 million, it raises questions about the intentions and strategies behind such large-scale accumulation.
While the identity of this whale remains unknown, its actions have sparked speculation about future market movements. As these acquisitions continue, it will be interesting to see how they impact the prices and overall sentiment surrounding these cryptocurrencies.
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