While the top crypto token Bitcoin is witnessing a recovery, the altcoin sector is also making significant progress. As per the on-chain analytics platform Lookonchain, the whales have recently been accumulating popular altcoins including $ENS, $MKR, $UNI, $LINK, and $PEPE. The analytics provider revealed the details of this development on its official account on the social media platform X.
Lookonchain Highlights Whales Accumulating Altcoins including $ENS, $MKR, $UNI, $LINK, $PEPE
In the latest post, the company noted that an account “0x1A2E” redeemed a huge amount of PEPE. According to Lookonchain, the respective wallet address withdrew up to 322.48 billion PEPE tokens. These tokens equal to nearly $2.78 million). In line with the data, 0x1A2E withdrew the crypto tokens from the popular crypto exchange Binance. This event reportedly took place approximately thirteen hours ago, as the analytics platform asserted.
The whales’ accumulation of crypto assets plays the role of a significant development. This anticipates an optimistic market trend for the near future. In addition to the case of the PEPE token, UNI has also experienced a withdrawal. Lookonchain also provided the wallet addresses of the whales that withdrew the respective cryptocurrencies.
The Token Withdrawal Takes Place on the Popular Crypto Exchange Binance
It added that the whale going by aavebank.eth redeemed up to 500K UNI tokens. The respective tokens equal almost $3.75 million. Apart from that, the whale also withdrew 18,799 LINK tokens. The crypto tokens reportedly have a value of up to $2.62 million. Additionally, aavebank.eth also redeemed 31,139 ENS tokens. The reported value of these tokens is nearly $483K.
However, that was not the end as the whale moved on for further withdrawal. LookOnChain disclosed that it then redeemed 171 MKR tokens. Their value equals up to $500K. The on-chain analytics forum added that the withdrawal of all these tokens by aavebank.eth took place nearly 6 hours back. This whale also redeemed the tokens from Binance.
