A smart whale, identified by the address “0x257,” recently conducted a significant transaction involving $7.96 million worth of assets. Spot On Chain data identified the whale’s deposit of several DeFitokens to Binance from multiple addresses. The deposit included $AAVE, $LINK, $UNI, and $EIGEN tokens, with $AAVE being the largest asset. The community was intrigued by the whale’s decision to send these assets.
More whales have offloaded DeFitokens!
Eight hours ago, the smart whale “0x257” deposited $7.96 million worth of four assets, including three major DeFitokens, to Binance:
– 13,816 $AAVE ($3.54 million) → $2.56 million profit (+255%)
– 161,463 $LINK ($3.13 million) → $2.13 million profit (+213%)
– 85,529 $UNI ($758,000)…
Smart Whale Shows Success with Long-Held $AAVE, $LINK Tokens
The whale transferred 13,816 $AAVE tokens, equivalent to $3.54 million. This transaction yielded a profit of $2.56 million, a 255% increase. Subsequently, 161,463 $LINK tokens, or $3.13 million, were moved, resulting in a 213% profit of $2.13 million for the whale. Additionally, 85,529 $UNI tokens were transferred, generating a profit of $258,000, or 52%.
Interestingly, the whale has been holding these tokens since 2022, indicating a long-term investment strategy. Alongside these tokens, 289,399 $EIGEN tokens were also transferred. These tokens, valued at $531,000, were earned by staking $ETH with EigenLayer, showcasing the whale’s diverse investment approach.
Crypto Whale Adjusts Portfolio, Influences Market Trends
These substantial transactions suggest that the whale is adjusting its portfolio and responding to the current market conditions by making profitable transfers. As large players often have a significant impact on the market, this action may signal future moves.
Spot On Chain closely monitors these large transactions, as they can shape the overall market sentiment. It serves as an example of how crypto investors, particularly the prominent ones, diversify their portfolios.