Large-scale cryptocurrency investors, often referred to as “whales,” have been actively moving funds across major tokens, signaling mixed sentiment amid a volatile week for digital assets.
Uniswap (UNI), which has shed around 15% of its value over the past seven days, saw a significant withdrawal from Binance.
Blockchain data reveals that nearly 947,000 UNI tokens—worth approximately $5.6 million—were pulled from the exchange by a single wallet. The move has sparked speculation over whether the investor is preparing for long-term holding or reallocating to another protocol.
Meanwhile, a contrasting strategy was observed with Bitcoin. A high-value wallet sent 700 BTC, valued at roughly $72 million, to Binance following recent price gains.
Despite this apparent intent to sell, the same whale continues to hold an impressive stash of 4,500 BTC, worth nearly half a billion dollars, split across two addresses.
In the memecoin realm, one investor appears to be doubling down on PEPE despite market softness.
On-chain analysis shows the whale withdrew an additional 420 billion PEPE tokens—worth $5.58 million—from Binance, bringing their total holdings in the frog-themed token to over $29 million. PEPE’s price has dipped 6% over the past week, but this hasn’t deterred the accumulation.
These whale maneuvers hint at varied strategies depending on asset class and short-term market momentum. Whether these are signs of quiet accumulation or positioning ahead of another market shake-up remains to be seen.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/on-chain-data-reveals-major-whale-activity-across-these-three-cryptos/