According to cryptocurrency tracker Lookonchain, whales are devouring the native tokens of decentralized exchanges (DEXs), Ethereum (ETH), Uniswap (UNI), and a handful of other decentralized finance (DeFi) tokens. .
Lookonchain notes that an unknown whale wallet withdrew 299,133 UNI worth $2.39 million from cryptocurrency exchange Gate.io over the weekend.
The same whale has also recently accumulated other DeFi altcoins, including 19,373 Aave (AAVE) worth $2.95 million and 596 Maker (MKR) worth $805,000 from Binance between August 13th and September 12th. ) is brought out.
Lookonchain also points out that a whale wallet associated with investment firm Longling Capital purchased 5,000 ETH worth $12.34 million over the weekend. The wallet currently holds a total of 68,064 ETH, worth over $168 million.
The third whale bought 31,173 AAVE worth $4.8 million on Sunday and then deposited it into Aave in order to borrow funds and accumulate more tokens.
“He then borrowed GHO2.7 million from Aave and exchanged it into USDC.
I then deposited USDC into Coinbase to purchase more AAVE. ”
At the time of writing, Ethereum is trading at $2,634. The second-largest cryptocurrency by market capitalization has risen nearly 7% in the past 24 hours.
UNI, the 22nd ranked cryptocurrency by market capitalization, is trading at $8.12 at the time of writing, up nearly 6% in the past day.
At the time of writing, AAVE is trading at $162.43. The crypto asset, which ranks 44th in terms of market capitalization, also gained nearly 6% in the past 24 hours.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me ×Facebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
