Crypto Whales Collect Four Altcoins from the Market: $16 Million Purchase

Altcoin whales have invested large amounts since yesterday evening.

According to the post of Blockchain analysis platform Lookonchain, whales are collecting altcoins from Binance and OKX exchanges.

$16 million purchase

It was noteworthy that most of the wallets purchasing altcoins were newly opened. These whales may have just entered the market and brought fresh capital into the market.

A whale withdrew 870 thousand 827 Uniswap (UNI) from OKX this morning. These are worth approximately $8.5 million.

Around the same time, another whale was seen buying 7.69 million Bluzelle (BLZ) worth $2.16 million from Binance. Neither whale has any tokens other than UNI and BLZ in their wallets.

Two different whale addresses have withdrawn a total of 303.4 billion PEPE from Binance and OKX exchanges since last night. These amount to $3.8 million. One of these whales had also invested in PEPE in the past weeks. There is a total of 438.5 billion PEPE in his wallet.

PEPE, one of the biggest meme coins with a market value of $5.3 billion, entered this week with a 1.9% increase.

According to Etherscan records, another whale received 20,628 TRB ($1.9 million) from Binance.

According to blockchain data, none of the whales have disposed of these tokens so far.