A mysterious crypto whale or institution has been gobbling up massive amounts of Ethereum (ETH) across three digital asset companies, on-chain data shows.
According to the blockchain tracker Lookonchain, the unknown entity created multiple wallets and filled them up with more than $1 billion worth of ETH in about one week.
“What a crazy accumulation! This mysterious entity created 10 new wallets in the past eight days and accumulated 312,052 ETH ($1.34 billion) from FalconX, Galaxy Digital and BitGo.”
ETH is trading for $4,443 at time of writing, up 3.1% in the last 24 hours.
Lookonchain also notices that whales appear to be suddenly moving massive amounts of Solana (SOL) to crypto exchanges to sell the ETH rival.
“Whales seem to be selling SOL.
CMJiHu deposited 96,996 SOL ($17.45 million) to exchanges [Monday].
5PjMxa deposited 91,890 SOL ($15.98 million) to Kraken [Monday.]
HiN7sS deposited 37,658 SOL($6.73 million) to Binance for a profit of $1.63 million.”
Solana is trading for $180 at time of writing, up marginally on the day.
Meanwhile, crypto whales are abruptly making large purchases of blockchain oracle Chainlink (LINK), according to Lookonchain.
“Whales are accumulating LINK.
Whale 0x3c9E withdrew 510,000 LINK ($11.13 million) from Binance over [Sunday and Monday] and deposited it into Compound.
0x42A1 spent $1.34 million to buy 59,560 LINK [Monday].
0x848a spent $1 million to buy 44,846 LINK [Sunday].”
LINK is trading for $23.64 at time of writing, up 8.4% in the last 24 hours.
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