The whales have recently been leveraging the spot ETH ETF hype. In this regard, a whale has again redeemed 18,566 $AAVE and 173,705 $UNI tokens from the famous crypto exchange Binance, as per the popular on-chain analytics company Lookonchain. The platform revealed the respective incident on its official account on X.
A Whale Redeems $AAVE and $UNI Tokens for Another Time for ETH Purchase
The analytics company noted in its post that the value of the above-mentioned $UNI tokens equals $2 million. On the other hand, the $AAVE tokens that the whale withdrew had a value of up to $2.02 million. As per Lookonchain, the whale reportedly intended to buy Ethereum ecosystem-based tokens from the crypto exchange. In this respect, the whale took out these tokens to purchase nearly $28.75 million worth of these tokens.
In addition to this, the platform brought to the front that the whale performed this whole move within the past 3 days. While discussing the tokens that the whale purchased, Lookonchain revealed the names of 5 crypto tokens on the Ethereum ecosystem. The company asserted that the respective tokens included 4.04 million $LDO tokens with a $9.3 million worth.
Former $ETH Purchase Includes the Expenditure of 26.67 $USDT
Apart from that, the bought tokens also take into account almost 858,069 $UNI tokens with $8.7 million worth. Additionally, the whale purchased nearly 71,190 $AAVE with a $7.4 million worth. Moreover, these tokens also comprised 82,041 $ENS tokens with a $2 million worth. The last token on the aforementioned list includes 250,969. As mentioned earlier, this is not the first time. The whale has formerly utilized 26.67M $USDT for the purchase of 8,733 $ETH.
