Altcoins
Whales accumulate Chainlink, Pepe and three other Binance altcoins: Lookonchain
Whales reportedly had a field day over the weekend, gobbling up millions of dollars in digital assets from cryptocurrency exchange Binance.
Blockchain tracking firm Lookonchain says crypto whales on Saturday withdrawn stack of the decentralized oracle project Chainlink (CONNECTION), Pepe meme token (PEPPER), the decentralized exchange Uniswap (UNI), Token Creator for Stablecoin Governance (MKR) and the Ethereum Name Service domain naming system (ENS) from the largest cryptocurrency exchange in the world in terms of volume.
“Whales have accumulated PEPE, LINK, UNI, MKR and ENS…
0x1A2E Withdrew 322.48 Billion PEPE ($2.78 Million) from Binance [on May 4th].
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 May 4th].”
Also, Lookonchain finds web3 investment firm DWF Labs transferred a stablecoin worth $2 million USDC to the multi-sig secure wallet that already contains 10 million Polygons (MATIC) tokens.
Late last month, Lookonchain discovered that two wallets were whitelisted printed incredible gains of 30,080x on the meme asset built on Base, Coinbase’s Ethereum (ET) level 2 scaling solution.
Whitelisted crypto wallets are addresses that have been approved to participate in specific crypto events, such as initial coin offerings (ICOs).
The blockchain tracking firm noted that wallets spent 0.034 ETH worth $102 to purchase a total of 172.56 million BRETT (BRETT) in February. They later sold BRETT for 890.65 ETH, worth $3.14 million, making huge gains.
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Featured image: Shutterstock/Stavtceva Iana