Three Massive Cryptocurrency Whales Jointly Move a Huge Amount of Altcoins to Coinbase at the Same Time

Three cryptocurrency whales jointly deposited 10.43 million MATIC into Coinbase, equivalent to $10.38 million. The average deposit price was $0.996. This joint venture resulted in an estimated total profit of $1.9 million, an increase of 22.41%.

At the time of writing this article, MATIC price is trading at $0.9756.

The first whale, known by the short address 0xd16, deposited 3.41 million MATIC, with an approximate value of $3.4 million, into the cryptocurrency exchange. Interestingly, this whale had withdrawn these MATIC tokens from Coinbase on February 8, 2024, at an average price of $0.833 ($2.85 million total). If Whale sells now, he will make a profit of $554,700, an increase of 19.5%.

The second whale, 0x64e, deposited a similar amount of 3.43 million MATIC, amounting to approximately $3.41 million. This whale also withdrew MATIC tokens from Coinbase, but purchased them on the same day as the first whale at an average price of $0.811 ($2.78 million in total). If he decides to sell now, he could make a profit of $633,210, an increase of 22.77%.

The last whale, the 0x3de short address wallet, deposited slightly more, around $3.57 million, with 3.59 million MATIC. This whale had withdrawn MATIC tokens from Coinbase on February 7, 2024, one day before the others, at an average price of $0.797 ($2.86 million total). If he sold now, he could make a profit of $713,619, a significant increase of 24.97%.

*This is not investment advice.