Wallets that recently turned into large investors, also identified as “fresh whale wallets” by on-chain tracker Lookonchain are accumulating Ethereum-based altcoins.
Wallets that recently entered the whale category are buying ENS, UNI, AAVE , LDO and LINK tokens on Friday. Data from on-chain crypto intelligence trackers notes the activity of large wallet investors in Ethereum-based altcoins. Crypto analysts say the Ethereum ETF approval is bullish for altcoins. The crypto tracker observed whale wallets created in the past week withdrew several altcoins from the centralized exchange Binance.
co/A1BIRbZUbq 0xBbDC was created 4 days ago and withdrew 214,465 $UNI from #Binance… pic.twitter.com/KPUkEcWzpz — Lookonchain May 24, 2024 Crypto analyst Dan Gamberdello commented on the Ethereum ETF approval and noted that the approval is bullish for altcoins. Gamberdello interprets the Securities and Exchange Commission’s approval of the Ether ETF as Ethereum being considered a “commodity.
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