Ethereum

Token

Wrapped Bitcoin

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-whale-expands-portfolio-with-major-ethereum-and-wrapped-bitcoin-investments" rel="noopener noreferrer nofollow">Crypto Whale Expands Portfolio With Major Ethereum and Wrapped Bitcoin Investments</a><br></p>
<p style="text-align: justify">A prominent cryptocurrency investor, commonly known as a ‘crypto whale’, has significantly increased their investment in Ethereum and Wrapped <a href="https://en.bitcoinhaber.net/bitcoin-market-awaits-sec-decision-amidst-trading-slowdown" rel="noopener noreferrer nofollow">Bitcoin</a>, pouring roughly $53 million into these assets since late December, a blockchain analysis firm Lookonchain reports. The whale utilized 20 million USDC, a leading stablecoin pegged to the dollar, to acquire $10 million each of Ethereum and Wrapped Bitcoin.</p>
<h2 id="strategic-acquisitions-of-eth-and-wbtc">Strategic Acquisitions of ETH and WBTC</h2>
<p style="text-align: justify">This investor has strategically bought 13,843 Ethereum units at an average price of $2,388, along with 461 units of Wrapped Bitcoin, averaging $43,168 per unit. Wrapped Bitcoin, an ERC-20 token, mirrors the Bitcoin value but operates within Ethereum’s ecosystem. At the report’s release, Wrapped Bitcoin was trading at a slightly higher $43,530, while Ethereum’s market price was close to $2,411.</p>
<p style="text-align: justify">Lookonchain also detected potential accumulation patterns aimed at Chainlink, a decentralized oracle network, by either the same whale or another institution. Reportedly, an entity moved 2,745,815 LINK tokens, valued at $49.9 million, from the Binance exchange to 49 newly created wallets. Chainlink’s price at the point of analysis stood at $18.47, marking notable gains of over 18% in the preceding week and more than 28% within the last month.</p>
<h2 id="surge-in-link-token-movement">Surge in LINK Token Movement</h2>
<p style="text-align: justify">The analysis concludes that the whale has not only targeted Ethereum and Wrapped Bitcoin but has also taken a keen interest in Chainlink, moving a substantial number of LINK tokens out of Binance. This pattern showcases the whale’s significant influence on the market trends for these cryptocurrencies, with a growing inclination towards Chainlink’s offerings in the decentralized financial space.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-whale-expands-portfolio-with-major-ethereum-and-wrapped-bitcoin-investments" rel="noopener noreferrer nofollow">Crypto Whale Expands Portfolio With Major Ethereum and Wrapped Bitcoin Investments</a></h5>

Crypto Whale Expands Portfolio With Major Ethereum and Wrapped Bitcoin Investments

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