Altcoins
“Smart Money” Whales Accumulate Two AI Altcoins From Binance, According to On-Chain Analysts
Deep-pocketed investors are scooping up huge amounts of two artificial intelligence (AI)-related altcoins, on-chain data suggests.
Lookonchain blockchain monitoring service noticed that Binance wallet linked to cryptocurrency investment firm DWF Labs suddenly received a large amount of Fetch.ai (FET), a decentralized machine learning project.
“Wallet ‘0x633c’ transferred 1 million FET ($2.25 million) back to DWF Labs’ Binance deposit wallet [on May 8th].
Wallet “0x633c” received 5 million FET ($11.95 million) from the Fetch.ai Foundation yesterday and deposited 2 million FET ($4.71 million) to DWF Labs’ Binance deposit wallet [on May 8th].”
Fetch.ai is trading for $2.20 as of this writing, down nearly 11% over the past 24 hours.
The next step is Lookonchain noticed more whales accumulate large amounts of Render (RNDR), a graphics processing unit (GPU) project.
“The price of RNDR has increased by 40% in the last week! Let’s check if some whales and smart money are accumulating RNDR!
0x15CF withdrew 748,898 RNDR ($5.3 million) from Binance on April 30 and May 1, with a current floating profit of $2.24 million. He had traded RNDR seven times previously, six of which were profitable, with a win rate of 85.7% and a total profit of $3.5 million!
0x1Cb7 has already earned $480,000 on RNDR. Over the past five days it has withdrawn a total of RNDR364,586 ($3.68 million) from exchanges, with an average purchase price of $9.19.
0xCA9C withdrew 181,922 RNDR ($1.81 million) from Binance six days ago.
0xE61A withdrew 58,950 RNDR ($586,000) from Binance five days ago.
0x06b2 Withdrew 50,973 RNDR ($510,000) from Binance [on May 8th] and currently holds 108,713 RNDR ($1.09 million).”
Render trades for $10 at the time of writing, down more than 6% in the last 24 hours.
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