Whales Dumping LINK and UNI Tokens on Binance
Summary:
In the past few hours, significant activity from two whales has been observed, leading to notable price drops for LINK and UNI tokens.
Key Details:
Deposits to Binance:
Five Wallets (One Whale) Deposited LINK:
Total Deposited: 371,479 LINK ($6.48M)
Average Deposit Price: $17.45
Addresses:
0xb2d2485d4c1698e122db3da5c36d0d9d11732540
0x423e2c82aceacfb9cebec931a30dc1bc88ff7e27
0x2a3cc57b00397bd43904756362223283d7e950fa
0x2872f40a9bf8348f280bd9d79220c3ffdfc6cdf8
0x237de57f26c0275761a70f2fb568e464ca0cd9b3
Withdrawal Details:
Total Withdrawn: 371,479 LINK
Average Withdrawal Price: $17.26
Estimated Cost: $6.41M
Estimated Profit: $74K (+1.2%)
Market Impact:
LINK Price Drop:
Nearly 4% in the past 2 hours, likely due to the large deposits.
Additional Activity:
Second Whale's Activity:
UNI Tokens Sold: 540,546 UNI ($5.89M)
Overall Impact: Both whales' actions contributed to a roughly 4% price drop for LINK and UNI tokens.
Context:
Token Accumulation: Most of these tokens were accumulated in late May during the Ethereum ETF approval hype.
These significant deposits and subsequent sales on Binance have led to noticeable market impacts, highlighting the influence of whale activity on token prices.
