Transactions by large investors in the cryptocurrency market are attracting attention. An institutional investor with holdings in Aave (AAVE) and Worldcoin (WLD) has reportedly transferred cryptocurrency assets worth a total of $33.18 million to centralized exchanges (CEXs).
According to on-chain data, in transfers that took place approximately an hour ago, a total of 6,000 Ethereum (ETH), 19 million Worldcoin (WLD), and 62,000 Aave (AAVE) were sent to multiple centralized exchanges.
The values of the transferred assets are as follows:
- Ethereum (ETH): 6,000 units – $14.4 million
- Worldcoin (WLD): 19 million units – $9.67 million
- Aave (AAVE): 62,000 units – $9.11 million
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A Whale’s Sale Causes a 15% Drop in Altcoin Prices
On the other hand, a large-scale transaction carried out by cryptocurrency whale Salem1299534 also attracted attention.
According to the shared data, the whale sold 20.06 million AI tokens approximately two hours ago, receiving 461 ETH in return, which is about $1.09 million.
Following this large sell-off, the price of AI reportedly experienced a sharp 15% drop in a short period of time.
It was reported that the whale’s total profit from AI transactions reached $2.14 million. According to the data, the investor generated a total of $3.12 million in sales revenue from AI tokens that he initially acquired at a cost of $980,000.
*This is not investment advice.
Continue Reading: The Big Whales Are on the Move: An Institutional Whale Sold $33 Million Worth of 3 Altcoins