On-chain data reveals that several cryptocurrency whales have conducted substantial transactions in the past few hours, providing insights into their trading activities and market trends.
One notable development is the emergence of a new cryptocurrency wallet, 0x437, which withdrew a total of SYN 2.33 million (approximately $2.02 million) from Coinbase through four transactions within the last four hours. The wallet currently holds the same amount, coinciding with a 4.29% increase in SYN’s price during the same period.
Similarly, the whale holding the short wallet address 0x8b4 is poised to deposit 1.11 million APE (valued at $1.54 million) into Coinbase wallet number 10. This deposit marks the wallet’s first transfer of APE to a central exchange (CEX), adding an interesting dimension as it had previously withdrawn 67.06 thousand APE from Coinbase two months ago.
Furthermore, another significant transaction involves whale 0x4d1, which deposited 4.12 million MATIC (worth $3.12 million) on Coinbase Prime for the first time. Conversely, the same wallet withdrew 469.23 thousand MATIC (equivalent to $355.38 thousand) from a centralized exchange over the last six days, illustrating active trading behavior.
Not to be overlooked, the whale assigned the short address 0x958 deposited 3.34 million BLUR (approximately $2.06 million) on Coinbase Prime, marking the wallet’s inaugural deposit of BLUR to an exchange.
These developments offer valuable insights into the behavior of cryptocurrency whales and provide a window into their trading strategies and market positioning within the crypto and NFT industry.
