Following the sharp declines in Bitcoin (BTC ($83,224.96)) and altcoins, whales continue to buy, thinking that the current levels are the bottom.
Accordingly, two fresh whales purchased AUCTION, Uniswap (UNI ($6.23)), and MKR ($1,205.75) from Binance.
According to Spot on Chain’s post, fresh whales have turned to DeFi tokens, taking advantage of low prices.
Whale “0xace” purchased 374,333 UNI worth $2.3 million and 1,735 MKR worth $2.06 million.
Whale “0xEc1” withdrew 500,000 AUCTIONs worth $13.9 million from Binance in the last 3 days.
This could be one of four whale wallets that collectively purchased 26.2% of the total AUCTION supply in just 21 days, currently making $32.9 million (+87%) in unrealized profits.
These purchases suggest that whales may be preparing for an imminent DeFi rally, but only time will tell whether this rally will happen.
Fresh whales are accumulating #DeFi tokens—#AUCTION, $UNI, and $MKR —from #Binance!
1️⃣ Whale "0xace" accumulated 374,333 $UNI ($2.3M) and 1,735 $MKR ($2.06M) in the last 18 hours.
2️⃣ Whale "0xEc1" withdrew 500,000 #AUCTION ($13.9M) in the past 3 days.
It may be linked to an… pic.twitter.com/vFlDq5P1WC
— Spot On Chain (@spotonchain) March 17, 2025
*This is not investment advice.
Continue Reading: According to Data, Fresh Cryptocurrency Whales Focused on These Three Altcoins! They Made Heavy Purchases in the Last Few Days!
