On-Chain Data Reveals Major Whale Activity Across These Three Cryptos
Uniswap (UNI), which has shed around 15% of its value over the past seven days, saw a significant withdrawal from Binance.
Blockchain data reveals that nearly 947,000 UNI tokensworth approximately $5.6 millionwere pulled from the exchange by a single wallet. The move has sparked speculation over whether the investor is preparing for long-term holding or reallocating to another protocol.
Meanwhile, a contrasting strategy was observed with Bitcoin. A high-value wallet sent 700 BTC, valued at roughly $72 million, to Binance following recent price gains.
Despite this apparent intent to sell, the same whale continues to hold an impressive stash of 4,500 BTC, worth nearly half a billion dollars, split across two addresses.
In the memecoin realm, one investor appears to be doubling down on PEPE despite market softness.
On-chain analysis shows the whale withdrew an additional 420 billion PEPE tokensworth $5.58 millionfrom Binance, bringing their total holdings in the frog-themed token to over $29 million. PEPEs price has dipped 6% over the past week, but this hasnt deterred the accumulation.
These whale maneuvers hint at varied strategies depending on asset class and short-term market momentum. Whether these are signs of quiet accumulation or positioning ahead of another market shake-up remains to be seen.
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Text source: Coindoo
