New whale wallets are buying these five altcoins on Ethereum: ENS, UNI, AAVE, LDO, LINK

Quelle: Fxstreet
25. Mai 2024 11:00
  • Wallets that recently entered the whale category are buying ENS, UNI, AAVE, LDO and LINK tokens on Friday. 
  • Data from on-chain crypto intelligence trackers notes the activity of large wallet investors in Ethereum-based altcoins. 
  • Crypto analysts say the Ethereum ETF approval is bullish for altcoins.

Wallets that recently turned into large investors, also identified as “fresh whale wallets” by on-chain tracker Lookonchain are accumulating Ethereum-based altcoins. The crypto tracker observed whale wallets created in the past week withdrew several altcoins from the centralized exchange Binance. 

Whales are buying these five altcoins

Lookonchain noted fresh whale activity and identified that whale wallets created in the past week have withdrawn Ethereum Name Service (ENS), Uniswap (UNI), AAVE, Lido (LDO), and Chainlink (LINK). 

The whale wallets created between 4 days and hours ago have withdrawn 82,040 ENS tokens worth $1.98 million, 214,465 UNI tokens worth $1.97 million, 39,762 AAVE tokens worth $3.97 million, 23,89,987 LDO tokens worth $5.54 million and 65,541 LINK tokens worth $1.13 million. 

Crypto analyst Dan Gamberdello commented on the Ethereum ETF approval and noted that the approval is bullish for altcoins. Gamberdello interprets the Securities and Exchange Commission’s approval of the Ether ETF as Ethereum being considered a “commodity.” 

Whales are likely approving these altcoins in response to the optimism from Ethereum ETF approval. 

Analyst behind the X handle @CryptoYoddha notes that altcoins are getting ready to “show great pumps,” in the coming weeks. Yoddha believes Ethereum looks stronger and Bitcoin is losing its dominance, this setup is likely conducive for altcoin gains. 

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