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A mysterious whale has made a new entry into ChainLink cryptocurrency by accumulating 663,580 tokens on Sunday. The whale spent a staggering $16.5 million in the ordeal, holding more than half a million LINK in the wallet. The wallet address had previously indulged in swing trading Chainlink two years ago and took home a profit of $1.72 million. For the uninitiated, swing trading is a concept where investors map its growth and take entry positions between two days and a few weeks. Also Read: Chainlink LINK Price Prediction: Analysts Eyeing $73 Target They stick to a price target and quickly exit after reaching the point. They don’t indulge in the ‘buy-and-hold’ long-term policy but book quick profits after a target is met. Swing traders use technical Analysis to identify which stocks or cryptocurrencies are likely to rise next and invest in them after conducting thorough research. The anonymous whale had made $1.72 million by swing trading Chainlink cryptocurrency in ...

One savvy crypto trader and deep-pocketed investor is drawing attention for making huge profits trading meme token Pepe (PEPE). Blockchain tracking firm Lookonchain says an anonymous trader moved 427 billion Pepe tokens worth $8.5 million at the time of the transfer to US-based crypto exchange Kraken where the crypto trove could potentially be sold on the open market. Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million. According to Lookonchain, the same trader just last month gained millions of dollars in profit by selling all his Pepe holdings during the initial stages of a December market correction. The sale came after the trader had accumulated more than one trillion Pepe tokens between March and September of 2024. The trader subsequently bought more than one trillion PEPE again in late December as the memecoin’s price stabilized. Said Lookonchain at the time, “This smar...

The whale acquired 347 Wrapped Bitcoin (WBTC) within just 12 hours on August 19. BitGo plans to transfer control of WBTC to a joint venture involving itself, BiT Global, and the Tron ecosystem. Coinbase has hinted at launching its own wrapped Bitcoin token, dubbed “cbBTC.” An unidentified whale has been rapidly accumulating Wrapped Bitcoin (WBTC), amassing over $118 million worth of WBTC in a short span of time. According to blockchain analytics firm Lookonchain, the unknown wallet has gathered a total of 1,953 WBTC, purchased at an average price of $58,853 per token. The most recent transaction was particularly notable, with the whale acquiring 347 WBTC — valued at approximately $16 million — within just 12 hours on August 19. A whale accumulated 347 $WBTC($16M) again 7 hours ago! Over the past week, this whale has accumulated a total of 1,953 $WBTC($118M) from #Binance at an average price of $58,853.https://t.co/XlRBgyL4Tt pic.tw...

Pepe Unchained ($PEPU) has now raised $8.7 million in funds and is rapidly charging towards its next big presale milestone at $9 million – just four days after smashing through $8 million. Investors just can’t get enough of this next-level Pepe, which runs on its own Layer 2 chain rather than being limited by Ethereum, as evidenced by the staggering growth in capital inflows week after week. With a recent uptick in the meme coin sector and a whale making a $3.13 million bet on Pepe ($PEPE) tokens during the dip, the bullish momentum is likely to propel Pepe Unchained to hit the $10 million mark before its presale’s second-month anniversary in just six days. The last presale stage ended on a high note, with $PEPU’s price rising to $0.0090539. With the latest influx of funds, Pepe Unchained is moving up to the next presale phase in under 24 hours, which will increase the price of $PEPU to $0.00909010 for new contributors. Indeed, wha...

Cryptocurrency whale s are both feared and respected due to their accomplishments and impacts on the cryptocurrency market. Now, an XRP whale has made investors tremble, looking for its next move. The whale in question moved over 443 million XRP tokens from ‘ra9cJ…Lg4Gf’ to ‘rudsb…TVYdG’ on January 16. Notably, the latter is a recently opened address, which could belong to the same owner of the former. XRP whale account summary. Source: XRP Scan On that, Finbold traced this amount back to the account ‘rpiY9…TT8CK’. This whale address received over 425 million XRP from a Bitvavo account in August 2023. Interestingly, these tokens jumped from one address to another multiple times. Moreover, each time this amount – currently worth over $230 million – was moved, it followed a similar pattern: A recently opened address received over 425 million XRP, made some smaller intermediate transactions, and moved to the next address. XRP whale sell-off could impact the price Crypto...

Someone has been accumulating BTC throughout the 2022 Bitcoin bear market, and the trend shows no sign of reversing. Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. "HODL-only" BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no doubt over their BTC investment strategy. According to Glassnode, Bitcoin accumulation addresses are more numerous than ever before, while the BTC balance they contain is almost at a record high. “Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds,” the firm’s description explains. Glassnode adds that exchange wallets and those belonging to miners are excluded from the tally, as are addresses last acti...