Whale Accumulates Over $178,900,000 in Ethereum (ETH) in Less Than Two Weeks: Lookonchain

An unknown cryptocurrency whale has amassed over 64,000 Ethereum (ETH) in just 11 days, according to on-chain data.

Blockchain-tracking service Lookonchain notes that since February 8th, an anonymous whale has acquired 64,346 ETH worth $178.9 million from both centralized and decentralized crypto exchanges.

Blockchain explorer Etherscan shows that the whale initially accumulated 1,100 ETH on February 8th, prior to adding 9,959 ETH worth $24.67 million from top crypto exchange Binance a few days later.

The deep-pocketed investor subsequently spent $60 million worth of the dollar-pegged stablecoin USDT to acquire 21,353 ETH at $2,810. After the large purchase, Lookonchain says the whale withdrew 10,649 ETH worth $30.68 million from Binance.

Yesterday, the crypto whale added to their already large Ethereum stack by withdrawing 11,587 ETH worth $33.5 million from Binance.

Ethereum is trading at $2,920 at time of writing.

Per crypto analytics platform Arkham Intelligence, the whale currently holds a total of 74,383 ETH worth $217.57 million. The whale also holds 5,491 Staked Ethereum (STETH) worth $16.02 million on the decentralized finance protocol Lido (LDO).

In addition, the investor with deep pockets owns approximately $29.9 million worth of USDT. The total value of the crypto assets in the whale’s wallet at the time of writing is a little over $263 million.

Meanwhile, Lookonchain finds that a different whale has unloaded a significant quantity of the native token of the decentralized video streaming network Livepeer (LPT).

“With the price of LPT hitting highs, the whale deposited all 148,215 LPT ($2.96 million) to Binance to sell for profit.”

The whale had earlier sold some of its LPT on the MEXC crypto exchange while withdrawing a portion.

“A whale sold 35,000 LPT ($630,000) on MEXC for profit.

This whale deposited 100,000 LPT to MEXC and subsequently withdrew 65,000 LPT, possibly selling 35,000 LPT.

The whale [held] 212,371 LPT ($3.93 million), and the total profit on LPT exceeds $3.5 million.”

LPT is trading at $16.19 at time of writing.

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