Whale Watch: Notable Crypto Whales Make Waves with Big Transactions Across Altcoins

In recent hours, the activity of several cryptocurrency whales has captured the attention of on-chain analysts, as they engage in substantial transactions across various altcoins. One notable whale, identified by the short address 0xbe8, withdrew 2.6 million MATIC from Coinbase Prime, amounting to approximately $2.11 million. Interestingly, this withdrawal marks the first instance of this whale moving MATIC from a centralized exchange (CEX).

Another whale, associated with the short address 0x882, is anticipated to deposit 983.09 thousand LDO, valued at around $2.8 million, into the Binance 14 wallet. This particular whale acquired the LDO tokens from FTX over a year ago at an average price of $1.51. The current trading price of LDO stands at $2.81 as of the time of writing. Additionally, address 0xbfa made a deposit of 46.94 million SAND, equivalent to $20.58 million, into the Binance deposit address. These tokens were sourced from The Sandbox’s official developer wallets, with the same address still holding 492 thousand SAND valued at $215 thousand.

Meanwhile, the whale linked to the short address 0xbec withdrew 7.38 thousand ETH, valued at $17.07 million, from Binance. Over the last five days, this address has completed two transactions, withdrawing a total of 8.36 thousand ETH worth $19.34 million from central exchanges.

In a separate move, DWF Labs recently withdrew 1 million USDT from Bitfinex’s hot wallet. Notably, this market maker company has withdrawn a total of 2.64 million USDT from central exchanges across seven transactions within the last four days.

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