Ethereum

Dogecoin

USDC

Ethereum Name Service

<div class="dailyhodl">
 A crypto whale was spotted over the weekend scooping up massive amounts of altcoins from the Ethereum ecosystem following the listing approval spot ETH exchange-traded funds (ETFs) from the U.S. Securities and Exchange Commission (SEC).
 First reported by blockchain tracking firm Lookonchain, a whale with a series of wallets bought Ethereum just above the $3,000 mark just before news of a likely ETH ETF approval surfaced.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 Shortly after the ETFs got a green light from the SEC, the whale began to accumulate Ethereum-based altcoins, such as Lido (LDO), Uniswap (UNI), Aave (AAVE), Ethereum Name Service (ENS) and Fraxshare (FXS).
 “Before the ETH ETFs news, a whale spent 26.67 million USDT to buy 8,733 ETH at $3,054.56 and has an unrealized profit of ~$6 million.
 After the SEC approved form 19b-4 for ETH ETFs, the whale bought $24.7 million worth of Ethereum ecosystem tokens and has an unrealized profit of ~$1.1 million.
 He deposited 19.75 million USDT to Binance and withdrew 4.04 million LDO ($9.3 million), 684,364 UNI ($6.7 million), 52,623 AAVE ($5.4 million), 82,041 ENS ($2 million) and 250,969 FXS ($1.25 million) from Binance.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GObtWVQbIAAjaXg?format=png&amp;name=4096x4096" alt="Image" width="3221" height="2042">
 <figcaption class="wp-caption-text">
 Source: Lookonchain/X
 </figcaption>
 </figure>
 Lookonchain also spotted a whale on the Solana (SOL) network rotating their core holdings further out the risk curve, opting for Dogecoin (DOGE) rival dogwifhat (WIF).
 “A whale spent 17,966 SOL ($2.98 million) to buy 953,177 WIF at $3.13 in the past 5 hours, causing the price of WIF to increase by ~7%.
 This whale previously spent 1 million USDC to buy 355,417 WIF at $2.81 on May 21st and then sold it at $3.07 for 1.09 million USDC on May 22, making $90,000.”
 At time of writing, WIF is trading at $2.99.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/whale-spends-24-700-000-on-ethereum-altcoins-after-sec-approves-listing-of-spot-eth-etf-on-chain-data-tbt89970.html">https://thebittimes.com/whale-spends-24-700-000-on-ethereum-altcoins-after-sec-approves-listing-of-spot-eth-etf-on-chain-data-tbt89970.html</a>

Whale Spends $24,700,000 on Ethereum Altcoins After SEC Approves Listing of Spot ETH ETF: On-Chain Data

TheBitTimes

Other articles published on May 27, 2024

Pepe Price Continues to Rise with 11% Pump – Could Sealana Explode Next?

Trump Positive and Open-Minded on Crypto Companies

Crypto Guru Michaël Van De Poppe On When To Buy Bitcoin Amid Market Flux: 'The Level Where You'd ...

Multipool Sells Out Fjord Foundry LBP (27 May)

Apu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support

MoonBag Wins Big as Top Meme Coin Presale in 2024 with 15,000% ROI, Defies Bitcoin Cash and Dogev...

Join our free newsletter for daily crypto updates!