Two Big Cryptocurrency Whales Make More Than $20 Million in Profits: They Finally Move Their Altcoins to Coinbase

A whale identified as 0x1a8 withdrew a significant amount of APE from Binance. The whale pulled 338,930 APEs, equivalent to $481k, at an average price of $1.41.

Over the past 18 hours, the whale made two transactions, withdrawing a total of 1.74 million APE from the cryptocurrency exchange Binance. The average price of these transactions was $1.42, representing a total of $2.49 million.

Currently the whale has 4.75 million APE worth $6.8 million. Of this, 4.42 million APE ($6.32 million) is staked. The whale’s total estimated loss from APE is $975 thousand, which represents a decrease of 11.6%.

In another development, the two whales deposited a total of 16,837 MKR worth $34.44 million on Coinbase, making a joint profit of $20.13 million, a 140% increase.

The first whale, identified as 0x803, deposited 8,423 MKR ($17.23 million) to Coinbase at a price of $2,046. It is noteworthy that the whale withdrew these MKR tokens from Coinbase for only $897 ($7.55 million) between November 7, 2022 and July 22, 2023. Selling now could give the whale a profit of $9.67 million, an increase of 128%.

The second whale, identified as 0x2a0, deposited 8,414 MKR ($17.21 million) to Coinbase at an average price of $2,046. Interestingly, the whale had withdrawn these MKR tokens from Coinbase between March 16 and July 23, 2023 for just $803 ($6.75 million). Selling now would give the whale a profit of $10.45 million, a 154.7% jump.

*This is not investment advice.