Benzinga – A crypto whale invested $24.7 million in Ethereum-based altcoins after the SEC approved a spot Ethereum (CRYPTO: ETH) ETF.
What Happened: The whale began accumulating altcoins like Lido (CRYPTO: LDO), Uniswap (CRYPTO: UNI), Aave (CRYPTO: AAVE), Ethereum Name Service (CRYPTO: ENS), and Fraxshare (CRYPTO: FXS) shortly after the approval, Daily Hodl reported on Monday. This move followed a previous purchase of 8,733 ETH at $3,054.56, resulting in an unrealized profit of approximately $6 million.
After the SEC’s approval, the whale deposited 19.75 million USDT to Binance and withdrew significant amounts of LDO, UNI, AAVE, ENS, and FXS, totaling $24.7 million. This resulted in an unrealized profit of around $1.1 million.
Another whale on the Solana (CRYPTO: SOL) network rotating holdings into Dogecoin rival dogwifhat…
Read More
