Ethereum

Synthetix

Chainlink

Coin

<ul class="news-points"> 
 <li><strong>The ETH bought has slipped into loss but there is a good chance of recovery in the short term.</strong></li> 
 <li><strong>LINK’s buying momentum had become weak, suggesting a drop below $15.</strong></li> 
 <li><strong>SNX may fall below $3.55 but it could be a good entry point for long-term holders.</strong></li> 
</ul> 
<p>Amid the recent market rally, one whale wallet has been spotted going on a buying spree for particular cryptocurrencies. Some of these altcoins include <a href="https://coinedition.com/analyst-predicts-ethereum-to-peak-28000-pushed-by-etf-approval/">Ethereum (ETH)</a>, <a href="https://coinedition.com/chainlink-link-surges-over-5-on-staking-upgrade-enthusiasm/">Chainlink (LINK)</a>, and <a href="https://coinedition.com/snx-rpl-mnt-ton-and-gmx-whats-driving-the-sell-off/">Synthetix (SNX)</a>, according to on-chain analytics provider Lookonchain.</p> 
<p>Previously on November 6, Lookonchain spotted a certain ‘smart money’ wallet accumulating LINK, and it appears they have been back at it again. Most recently, the wallet bought 400,625 LINK at $13.71. They also acquired 425.5 ETH at an average price of $2,210 and $110,000 worth of SNX at an average price of $3.85.</p> 
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   <p lang="en" dir="ltr">2/ The whale is long <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>.<br><br>3 hours ago, the whale withdrew 450 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($987K) from <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bybit</a>, deposited it into <a href="https://twitter.com/hashtag/Aave?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Aave</a> and borrowed 1M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a>, then used the 1M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> to buy 452.5 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> at $2,210. <a href="https://t.co/qogG0IyPuj" target="_blank" rel="nofollow">pic.twitter.com/qogG0IyPuj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1731500933862002821?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 4, 2023</a>
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</figure> 
<p>Considering the market prices at press time, their LINK buy would still be in pro…</p>
<p>The post <a href="https://coinedition.com/whale-still-accumulating-eth-link-and-snx-is-the-portfolio-in-green/">Whale Still Accumulating ETH, LINK and SNX: Is the Portfolio In Green?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Whale Still Accumulating ETH, LINK and SNX: Is the Portfolio In Green?

Coin Edition

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