PEPE and SHIB, which have been in the limelight of whales lately, are now leaving their seats to other coins. Reports show that big whales like Jump Trading are picking up new altcoins like LINK and MASK.
Jump Trading has amassed these 4 altcoins over the past week with the rally
On-chain tracker Lookonchain shed light on the altcoins that Jump Trading, a company focused on trading strategies, has acquired over the past week, in a new report yesterday. The data shows that the company has purchased over 1 million units of each altcoin. According to data provided by Lookonchain, the altcoins the company bought during the week and their weights:
- Mask Network (MASK): 1.59 million tokens.
- Lido DAO (LDO): 1.09 million tokens.
- LEVER: 509 million tokens.
- Perpetual Protocol (PERP): 1.07 million tokens.
Jump Trading has been accumulating $MASK, $LDO, $LEVER and $PERP over the past week.
Jump Trading currently holds:
1.59M $MASK ($6.15M);
1.09M $LDO ($2.11M);
509M $LEVER ($686K);
1.07M $PERP ($545K).https://t.co/ZzC3JZ5l3v pic.twitter.com/0vNsIr3jNp— Lookonchain (@lookonchain) June 24, 2023
As quoted by Kriptokoin.com, Jump Trading’s purchases came at a time when the market was on the rise. The company is currently earning over 10% profit from investments in Mask Network (MASK), Lido DAO (LDO), LeverFi (LEVER), and Perpetual Protocol (PERP).
This whale has been collecting LINK from Kraken for 3 months instead of PEPE
Lookonchain shared that another whale has purchased 353,500 LINK worth $2.4 million from Kraken over the past 90 days. LINK then gained over 15% on the weekly timeframe. On-chain data shows that the whale has been accumulating LINK for months, but the investment is currently at a loss:
A whale withdrew 353,500 LINK (2.14 million) from Kraken 8 hours ago. This whale had purchased a total of 1,588,500 LINK ($9.67 million) from Kraken in the last 3 months. The average purchase price of the whale is $6.78. (LINK is currently trading at $6.25)
A whale withdrew 353,500 $LINK ($2.14M) from #Kraken again 8 hrs ago.
The whale has withdrawn a total of 1,588,500 $LINK ($9.67M) from #Kraken in the past 3 months.
The average withdrawal price is $6.78.https://t.co/DoWzgA95n5 pic.twitter.com/Fb04D64IWa
— Lookonchain (@lookonchain) June 24, 2023
Cryptocurrency whale Farmer X withdraws large amounts of CREAM from exchanges
Farmer X, one of the well-known cryptocurrency whales, focused on pulling CREAM from Ethereum and Binance Smart Chain in its last transactions. According to data from Etherscan, it pulled 8,670 CREAMs from KuCoin on June 24. This amount was worth approximately $325,000. Whale had previously withdrawn 42,767 CREAM from KuCoin again on June 15. That was worth about $1.6 million at the time.
According to Etherscan data, the whale currently holds 360,574 CREAM tokens. This makes it the world’s largest CREAM investor. In terms of price, CREAM has lost around 8% in the last 24 hours. The daily chart shows the week’s market rally up to $38, currently consolidating in the $35 region.
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