Ethereum

Lido DAO

Convex FXS

Ethereum Name Service

Green Light

<ul>
 <li>Institutional maneuvers in Ethereum tokens suggest a calculated portfolio shift, signaling sustained faith in Ethereum’s ecosystem.</li>
 <li>SEC’s approval of Ether ETFs marks a pivotal moment, potentially catalyzing institutional influx into crypto and bolstering Bitcoin’s credibility.</li>
 <li>Recent price trends indicate resilience and growth potential for leading Ethereum-based assets like UNI, AAVE, LDO, ENS, and Convex FXS</li>
</ul>
<p>According to Lookonchain, a platform specializing in on-chain analytics, there’s been a significant change in the cryptocurrency market recently. Within the last three days, it’s been noted that a large investor or institution pulled out $28.75 million worth of Ethereum ecosystem tokens from Binance. This entity has built up quite a substantial portfolio, which consists of 173,705 UNI tokens valued at $2 million and 18,566 AAVE tokens valued at $2.02 million.</p>
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   <p lang="en" dir="ltr">This whale/institution withdrew 173,705 <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a>($2M) and 18,566 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a>($2.02M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> again.<br><br>He has bought a total of $28.75M Ethereum ecosystem tokens from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> in the past 3 days, including:<br>4.04M <a href="https://twitter.com/search?q=%24LDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LDO</a>($9.3M);<br>858,069 <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a>($8.7M);<br>71,190 <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AAVE</a>($7.4M);<br>82,041 <a href="https://twitter.com/search?q=%24ENS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENS</a>($2M);… <a href="https://t.co/GivqZKoLrQ" rel="noopener noreferrer nofollow">pic.twitter.com/GivqZKoLrQ</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1794774286445789505?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 26, 2024</a>
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<p>The purchases made by the whale demonstrate a large investment in tokens connected to Ethereum. The whale also purchased 71,190 AAVE ($7.4 million), 250,969 FXS ($1.25 million), 8.58,069 UNI ($8.7 million), 4.04 million LDO ($9.3 million), and 82,041 ENS ($2 million). These shifts show a calculated build-up of a variety of assets across the Ethereum network.</p>
<p>Subsequently, MicroStrategy founder Michael Saylor <a href="https://www.youtube.com/watch?v=lwmyaxpJwoc" target="_blank" rel="noopener noreferrer nofollow">discussed</a> the impact of recent regulatory approvals on the crypto market. The <a href="https://www.sec.gov/files/tm/lk87adfs99.pdf" target="_blank" rel="noopener noreferrer nofollow">SEC’s approval of</a> eight spot Ether ETFs marks a significant milestone. Saylor believes this development will ultimately benefit Bitcoin, as it enhances the overall legitimacy of crypto assets. He argued that the approval could accelerate institutional adoption and strengthen Bitcoin’s position as the leading cryptocurrency.</p>
<p>As of the latest update, Uniswap’s current price is <a href="https://coinmarketcap.com/currencies/uniswap/" target="_blank" rel="noopener noreferrer nofollow">$11.17</a>, with a 24-hour trading volume of $425.676 million. Despite a 0.45% decline in the last 24 hours, its market cap remains substantial at $6.689 billion. Uniswap has a circulating supply of 598.930 million UNI coins and a maximum supply of 1 billion UNI coins.</p>
<p>Furthermore, Aave is currently valued at <a href="https://coinmarketcap.com/currencies/aave/" target="_blank" rel="noopener noreferrer nofollow">$110.85</a>, experiencing a 5.16% increase in the last 24 hours. Its trading volume reached $198.38 million, with a market cap of $1.64 billion. The circulating supply of Aave coins is 14.82 million, approaching its maximum supply of 16 million coins.</p>
<p>Lido DAO (LDO) has seen its price rise to <a href="https://coinmarketcap.com/currencies/lido-dao/" target="_blank" rel="noopener noreferrer nofollow">$2.58</a>, up 6.67% in the past 24 hours. With a trading volume of $284.20 million, its market cap is now $2.30 billion. The circulating supply is 892.32 million LDO coins out of a total supply of 1 billion coins.</p>
<p>Ethereum Name Service (ENS) is <a href="https://coinmarketcap.com/currencies/ethereum-name-service/" target="_blank" rel="noopener noreferrer nofollow">priced at</a> $25.93, up 8.63% within 24 hours. Its trading volume is $366.37 million, and its market cap stands at $816.16 million. ENS has a circulating supply of 31.48 million coins and a maximum supply of 100 million coins. Additionally, Convex FXS is trading at <a href="https://coinmarketcap.com/currencies/convex-fxs/" rel="noopener noreferrer nofollow">$3.92</a>, up 4.53% over the last 24 hours, with a trading volume of $231.14 million.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
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 <li><a href="https://cryptonewsland.com/aave-price-analysis-2024-when-will-aave-aave-surpass-the-1000-threshold/" rel="noopener noreferrer nofollow">AAVE Price Analysis 2024: When Will Aave (AAVE) Surpass the $1000 Threshold?</a></li>
 <li><a href="https://cryptonewsland.com/aave-proposes-gho-stablecoin-launch-on-ethereum/" rel="noopener noreferrer nofollow">Aave Proposes GHO Stablecoin Launch on Ethereum</a></li>
 <li><a href="https://cryptonewsland.com/78-of-bitcoins-circulating-supply-is-now-in-self-custody/" rel="noopener noreferrer nofollow">78% of Bitcoins Circulating Supply is Now in Self-Custody</a></li>
 <li><a href="https://cryptonewsland.com/aave-and-uniswap-attract-whales-after-ethereum-etf-gets-green-light/" rel="noopener noreferrer nofollow">AAVE and Uniswap Attract Whales After Ethereum ETF Gets Green Light</a></li>
 <li><a href="https://cryptonewsland.com/top-4-high-potential-altcoins-ready-to-surge-ultimate-guide-to-massive-cryptocurrency-gains-by-may-2024/" rel="noopener noreferrer nofollow">Top 4 High-Potential Altcoins Ready to Surge: Ultimate Guide to Massive Cryptocurrency Gains by May 2024</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/whale-moves-28-75m-in-ethereum-tokens-whats-their-next-play/" rel="noopener noreferrer nofollow">Whale Moves $28.75M in Ethereum Tokens: What’s Their Next Play?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Whale Moves $28.75M in Ethereum Tokens: What’s Their Next Play?

Crypto News Land

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