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Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain

May 06, 2024

Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance.

Blockchain tracking firm Lookonchain says that on Saturday, crypto whales withdrew stacks of the decentralized oracle project Chainlink (LINK), meme token Pepe (PEPE), decentralized exchange Uniswap (UNI), stablecoin governance token Maker (MKR) and domain naming system Ethereum Name Service (ENS) out of the world’s largest crypto exchange by volume.

“Whales accumulated PEPE, LINK, UNI, MKR and ENS…

0x1A2E withdrew 322.48 billion PEPE ($2.78 million) from Binance [on May 4th].

aavebank.eth withdrew 500,000 UNI ($3.75 million), 183,799 LINK ($2.62 million), 171 MKR ($500,000) and 31,139 ENS ($483,000) from Binance [on May 4th].”

Furthermore, Lookonchain finds that web3 investment firm DWF Labs transferred $2 million worth of the stablecoin USDC to a multi-sig safe wallet that already holds 10 million Polygon (MATIC) tokens.

Late last month, Lookonchain found that two whitelisted wallets printed staggering 30,080x gains on a meme asset built on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution.

Whitelisted crypto wallets are addresses that have been approved to participate in specific crypto events, such as initial coin offerings (ICOs).

The blockchain tracking firm noted that the wallets spent 0.034 ETH worth $102 to buy a combined 172.56 million BRETT (BRETT) in February. They later sold the BRETT for 890.65 ETH worth $3.14 million for massive gains.

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Featured Image: Shutterstock/Stavtceva Iana