Whales Accumulate Ethereum (ETH), Uniswap (UNI) and Two Additional DeFi Altcoins: Lookonchain
Whales have been gobbling up Ethereum (ETH), the native token for the decentralized exchange (DEX) Uniswap (UNI) and a handful of other decentralized finance (DeFi) tokens, according to the crypto tracker Lookonchain. Lookonchain notes one unknown whale wallet withdrew 299,133 UNI worth $2.39 million from the crypto exchange Gate.io over the weekend. The same whale has also recently been accumulating other DeFi altcoins, withdrawing 19,373 Aave (AAVE) worth $2.95 million and 596 Maker (MKR) worth $805,000 from Binance between August 13th and Sept 12th. Lookonchain also notes that a whale wallet related to the investment firm Longling Capital bought 5,000 ETH worth $12.34 million over the weekend. The wallet now holds a total of 68,064 ETH worth more than $168 million. A third whale bought 31,173 AAVE worth $4.8 million on Sunday and subsequently deposited it into Aave to borrow funds and accumulate more tokens. “Then he borrowed 2.7 million GHO from Aave a...