Ethereum

Show

Base

BALD

BASE

<p>In a recent <a href="https://twitter.com/nansen_ai/status/1689343096646152194" target="_blank" rel="noopener noreferrer nofollow">deep dive</a> into the on-chain activities of certain crypto entities, a group of 22 ‘Early BASE Whales’ was identified. These are primarily new wallets, most of which were created in 2023. A significant portion of their holdings is allocated to Ethereum and Layer 2 solutions (L2s). Interestingly, a large number of these whales have shown a strong inclination towards meme coins, both on the BASE network and Ethereum.</p> 
<p>These wallets have been actively interacting with well-known decentralized exchanges (DEXs) and L2 bridges. Among the platforms they’ve engaged with, Unibot has been particularly prominent. Despite the dynamic nature of the crypto market, the on-chain behavior of these whales has remained relatively consistent over recent months.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Unibot: Trading Intelligence that Makes You 7x More Successful! 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Discover the edge in crypto trading with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true">Unibot</a> – a user-friendly Telegram bot that boasts a 35% profitability rate amongst users, seven times higher than the average trader (only 5% of traders are profitable)! <br><br>Experience top-notch features like decentralized copytrading, DEX-based limit orders, and protection against MEV bots. <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Click to connect with Unibot <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></a>! </p> 
    <p></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<h2 class="wp-block-heading" id="key-insights-from-the-analysis">Key Insights from the Analysis:</h2> 
<ul> 
 <li><strong>Interactions with Established Platforms:</strong> According to data from Nansen, these wallets have been predominantly transacting with recognized DEXs and L2 bridges. Some of the platforms include 1inch, Uniswap, Base, 0x, USDC, and notably, Unibot. Jake Kennis, a research analyst at Nansen, emphasized that the whales’ interactions with these established platforms, especially Unibot, indicate a growing adoption of Telegram bots and new applications in the crypto space.</li> 
 <li><strong>Consistent On-Chain Behavior:</strong> The analysis revealed that the on-chain activities of these wallets have been fairly stable over the past few months. Even before the public launch of the Base mainnet, there was a noticeable amount of meme coin-related activity. Traders have been actively acquiring tokens like BALD, COIN, and BASED through DEXs on the network.</li> 
 <li><strong>Diverse Holdings:</strong> While Ethereum remains a significant holding for these Base Whales, they have also diversified their portfolios. Many have moved funds towards Arbitrum’s native ARB token and the casino token, RLB. Meme coins, including BALD, TOSHI, PEPE, and the uniquely named HarryPotterObamaSonic10Inu (with the ticker BITCOIN, not to be mistaken for the original BTC), have also found favor among this group.</li> 
 <li><strong>Crypto-Native Tendencies:</strong> These 22 whales exhibit strong crypto-native behaviors. Each of them has bridged over 100 ETH (equivalent to $185,100) since July 31. This was when Base allowed users to directly interact with its smart contract through a one-way bridge. Interestingly, another segment of users chose to wait until the official launch day to engage with Base.</li> 
</ul> 
<p>The activities of these ‘Early BASE Whales’ provide a fascinating glimpse into the strategies and preferences of significant players in the crypto space. Their actions often serve as indicators for emerging trends and shifts in the broader market.</p> 
<p><em>Join us on <a href="https://www.facebook.com/captainaltcoin" data-type="URL" data-id="https://www.facebook.com/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow"><strong>Facebook</strong> </a>and <strong><a rel="noopener noreferrer nofollow" href="https://twitter.com/CaptainAltcoin" target="_blank">Twitter</a></strong> for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank">new</a><a href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">s section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="URL" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/early-base-whales-hoarding-obscure-crypto-including-bald-what-else-theyre-buying/">Early BASE Whales Hoarding Obscure Crypto Including BALD – What Else They’re Buying?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Early BASE Whales Hoarding Obscure Crypto Including BALD – What Else They’re Buying?

Table of Contents

CaptainAltcoin

Other articles published on Aug 10, 2023

OKX to List Render ($RNDR)

Is Ripple’s XRP Preparing For A Heavy Selloff? Here’s What To Expect From XRP Price Next

Monero and OKB Sees A Dip As Holders Jump Towards The Highly Anticipated Pomerdoge Presale

XRP Listed by Gemini After Recent Ripple Victory in Court

GM Stock Price Detours From Uptrend; Fall Continues Since Earnings

Lucky Roo Casino

Join our free newsletter for daily crypto updates!