Bitcoin and altcoins have experienced sudden and sharp declines over the past two months. These sharp declines were seen by some whales as buying opportunities and they made additional purchases.
At this point, a whale also bought Ethereum (ETH) and seven other altcoins. According to Lookonchain’s post, the whale, taking advantage of the drop, bought a total of $35.7 million worth of eight different altcoins.
The whale, who made his biggest purchase in Ethereum, also purchased Chainlink (LINK), Ethena (ENA), AAVE, Ondo Finance (ONDO), Uniswap (UNI), SKY and LDO, in addition to ETH.
The whale moved these altcoins on-chain to the 0xBC64 wallet.
“Accordingly, the whale bought 3,175 ETH ($10.13 million), 557,937 LINK ($7.99 million), 20.14 million ENA ($5.82 million), 25,396 AAVE ($4.9 million), 6.53 million ONDO ($3.27 million), 340,849 UNI ($2.05 million), 22.59 million SKY ($1.09 million), 384,075 LDO ($244,000). “
While this whale made a basket of altcoins with Ethereum and seven other assets, another whale staked the 24,000 ETH he bought at $2,529 five months ago instead of selling it.
This whale’s unrealized profits reached over $55 million, but he didn’t sell. His current profits have fallen from the peak to $14.4 million.
*This is not investment advice.