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Whale Withdraws Uniswap (UNI) and Aave Tokens From Kraken: Lookonchain

July 11, 2024

A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data.

Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings.

“A whale/institution bought AAVE and UNI again [on Tuesday]. He deposited 4 million USDC to [crypto exchange] Kraken, then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently holds 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).”

Aave is trading for $89.61 at time of writing, up 6% in the last 24 hours. Meanwhile, UNI is trading for $8.06 at time of writing, down slightly on the day.

Lookonchain also reports that Elwood Technologies, a crypto infrastructure and market data platform founded by billionaire Alan Howard, suddenly moved nearly 18,000 Ethereum (ETH) to Binance, the world’s largest exchange by trading volume.

“Elwood deposited 17,900 ETH ($54.9 million) into Binance [on July 8th].”

Ethereum is trading for $3,105 at time of writing, up more than 1% in the last 24 hours.

Lastly, Lookonchain noticed a crypto whale has been moving a massive amount of Bitcoin (BTC) onto Binance.

“The whale deposited 809 BTC ($45.18 million) to Binance again [on July 8th]. He has deposited 7,790 BTC ($468 million) to Binance since June 27th and currently holds 6,559 BTC ($379 million).”

Bitcoin is trading for $57,465 at time of writing, down slightly in the last 24 hours.

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