In the fast-paced world of cryptocurrency, significant movements have been observed in different altcoin projects. These movements, especially from large investors or companies, signaled their intention to sell. Here are the latest developments in the crypto space…
ETH transfer from dormant whale address to Binance
On October 14, a whale address starting with 0x88e emerged from its three-year slumber to make a significant transfer, according to Spot On Chain data tracking. The address sent a total of 4,500 ETH to Binance, with each unit priced at $1,542. This address had previously withdrawn 11,904 ETH from Bitfinex in June 2020 at an average price of $ 243 and spent a total of $ 2.89 million. This reawakening has attracted the attention of crypto enthusiasts around the world.
🚨 Whale 0xc1a started to deposit 4,500 $ETH to #Binance at $1,542 on avg ($6.94M) ~ 16hrs ago, after having held for 3 years!
Notably, the whale accumulated 11,904 $ETH from #Bitfinex at just $243 on avg ($2.89M) in June 2020 and then went partially dormant until yesterday.… pic.twitter.com/NlbDtieNBO
— Spot On Chain (@spotonchain) October 14, 2023
Two addresses transferred $20 million of altcoin LDO to Coinbase
Also on October 14, on-chain data analyst Ember reported a significant transfer. An investor or institution that received a 20 million LDO investment allocation on December 17, 2020 across two addresses carried this impressive amount. A total of 20 million LDOs were sent to Coinbase, equivalent to approximately $31.5 million. Such transfers of this magnitude are notable events in the crypto space.
一个在 2020/12/17 通过 2 个地址接收到 2,000 万 $LDO 投资分配的投资者/机构，在 11 小时前将这 2,000 万 LDO($31.5M) 转入了 Coinbase Prime。https://t.co/72fmAahTUm
推文由 @Bitget_zh 赞助 pic.twitter.com/5rlAZ4kSVu
— 余烬 (@EmberCN) October 14, 2023
Wintermute made HFT transfer
On October 13, Wintermute made a significant transfer, according to on-chain data analyst Ember. Wintermute, one of the leading players in the crypto industry, moved a total of 13.5 million HFT tokens, worth approximately $4.07 million, to centralized exchanges (CEX). This transfer accounts for 6% of the current circulating HFT supply. Specifically, 10.5 million HFT tokens were transferred to Kraken, while the remaining 3 million made their way to Binance. Such large-scale movements underscore the liquidity and trading activity surrounding HFT tokens.
在过去的 1 小时里，Wintermute 共计将 1350 万 $HFT($4.07M) 转入 CEX，占 HFT 现流通量的 6%：
• 1050 万 HFT → Kraken
• 300 万 HFT → Binancehttps://t.co/jTbGJzXqui推文由 @Bitget_zh 赞助 pic.twitter.com/41ro5jfSqE
— 余烬 (@EmberCN) October 13, 2023
DWF Labs sold altcoin ORBS
In a notable development reported by Look On-Chain, DWF Labs, a leading cryptocurrency investment firm, has completed a significant sale. DWF Labs transferred a total of 50 million ORBS to Bithumb, with an approximate value of $1.3 million. Today morning, he transferred ORBS worth $1.19 million to Bithumb. This move highlights the dynamic nature of the crypto market as well as DWF Labs’ ongoing activities in the altcoin space.
Just now, @DWFLabs deposited another 30M $ORBS ($1.19M) to #bithumb.
They have deposited a total of 92.4M ($3.123M) to CEX in the last 5D.
Their current balance is 57.6M ($2.3M). pic.twitter.com/99tAtKjwN0
— The Data Nerd (@OnchainDataNerd) October 14, 2023
These recent events in the cryptocurrency world demonstrate the fluidity and activity in the market where dormant addresses come to life, large sums are transferred, and investment firms continue to navigate the ever-changing landscape of crypto assets. Crypto enthusiasts and investors remain on the lookout for further developments in this ever-evolving space.
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