Crypto Whale Comes Back to the Market After the Crash

A cryptocurrency whale was identified by on-chain data as selling a significant amount of altcoins during yesterday’s decline. DeFi is available, a cryptocurrency whale known by the short address 0x57d posted a total of 4.41 million transactions in three DeFi tokens to Binance in the country. The whale took only 13 minutes to complete these activities. Whale deposited 546,268 UNI tokens worth $3.68 million, 250 MKR tokens worth $655,000, and 201,914 1INCH tokens worth $76,000. It is stated that the prices of the investments are $ 6.73 for UNI, $ 2.621 for MKR and $ 0.377 for 1INCH, respectively.

Following these investments, profitable transactions were made for whale, MKR, UNI and 1INCH tokens. For example, the whale made an unrecorded profit of $1.14 million (76.1% increase) from trading 1,390 MKR between August 19, 2023 and April 14, 2024. Similarly, a gain of $375,000 (11.3% increase) was made from the purchase and sale of whale 546,268 UNI between May 12, 2022 and April 14, 2024. In the same period, he made a profit of $100,000 (40.2% increase) from 701,914 1INCH sales. However, the whale still holds a small amount of 7,550 ENS ($93.5k) and 63,005 LQTY ($58.8k) tokens, which face unrealized losses.

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