Whale Trades LINK And BNB For PEPE And ETH In High-Value Transaction: On-Chain Data

NewsBTC
NewsBTC

28 Jun 2023 2:00 PM

Lookonchain detected a transaction where a whale divested significant holdings of LINK and BNB to acquire a massive amount of PEPE and ETH......

  • A whale in the crypto market has divested significant holdings of Chainlink (LINK) and Binance Coin (BNB) to acquire a massive amount of Pepe (PEPE) and Ethereum (ETH).
  • The whale withdrew 1.93 trillion PEPE, worth approximately $3.03 million, from Binance.
  • The whale sold 97,735 LINK, estimated to be worth $592,000, and 9,883 BNB at a loss of $342,000.
  • The funds from these sales were used to purchase PEPE and ETH, indicating a shift in the whale's crypto portfolio.
  • The move could be seen as a diversification strategy, with Ethereum being a more stable asset complementing the volatile Pepe.
  • Whale moves like this can have significant impacts on prices and trading volumes of cryptocurrencies.

The sentiment of the article is neutral. It provides information about a whale's crypto portfolio shift without expressing a positive or negative opinion.

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You May Ask

What cryptocurrencies did the whale divest from and acquire?How much PEPE did the whale withdraw from Binance?What was the estimated value of the LINK and BNB sold by the whale?What could be the reason behind the whale's shift in the crypto portfolio?How do whale moves impact cryptocurrency prices and trading volumes?

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