On-Chain Data Reveals Major Whale Activity Across These Three Cryptos
Large-scale cryptocurrency investors, often referred to as "whales," have been actively moving funds across major tokens, signaling mixed sentiment amid a volatile week for digital assets.
Uniswap (UNI), which has shed around 15% of its value over the past seven days, saw a significant withdrawal from Binance.
Blockchain data reveals that nearly 947,000 UNI tokens—worth approximately $5.6 million—were pulled from the exchange by a single wallet. The move has sparked speculation over whether the investor is preparing for long-term holding or reallocating to another protocol.
Meanwhile, a contrasting strategy was observed with Bitcoin. A high-value wallet sent 700 BTC, valued at roughly $72 million, to Binance following recent price gains.
Despite this apparent intent to sell, the same whale continues to hold an impressive stash of 4,500 BTC, worth nearly half a billion dollars, split across two addresses.
In the memecoin realm, one investor appears to be doubling down on PEPE despite market softness.
On-chain analysis shows the whale withdrew an additional 420 billion PEPE tokens—worth $5.58 million—from Binance, bringing their total holdings in the frog-themed token to over $29 million. PEPE’s price has dipped 6% over the past week, but this hasn’t deterred the accumulation.
These whale maneuvers hint at varied strategies depending on asset class and short-term market momentum. Whether these are signs of quiet accumulation or positioning ahead of another market shake-up remains to be seen.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
