Whales reportedly had a lucrative weekend as they devoured millions of dollars’ worth of digital assets from Binance, a popular crypto exchange. According to Lookonchain, a blockchain tracking firm, these crypto whales withdrew significant amounts of various tokens on Saturday, including Chainlink (LINK), Pepe (PEPE), Uniswap (UNI), Maker (MKR), and Ethereum Name Service (ENS), from the world’s largest crypto exchange by volume.
Lookonchain revealed that on May 4th, 0x1A2E withdrew a massive 322.48 billion PEPE, equivalent to $2.78 million, from Binance. Similarly, aavebank.eth withdrew 500,000 UNI ($3.75 million), 183,799 LINK ($2.62 million), 171 MKR ($500,000), and 31,139 ENS ($483,000) from the exchange on the same day.
Furthermore, Lookonchain discovered that DWF Labs, a web3 investment firm, transferred $2 million worth of USDC stablecoin to a multi-sig safe wallet that already holds 10 million Polygon (MATIC) tokens.
In a previous finding, Lookonchain identified two whitelisted wallets that earned an astounding 30,080x gains on a meme asset built on Base, Coinbase’s Ethereum layer-2 scaling solution. Whitelisted wallets are addresses that have been approved to participate in specific crypto events. The tracking firm noted that these wallets spent 0.034 ETH worth $102 in February to purchase a total of 172.56 million BRETT tokens. They later sold these tokens for 890.65 ETH, equivalent to $3.14 million, resulting in substantial profits.
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