Increased Institutional and Whale Investor Activity in Cryptocurrency Market
Institutional and whale investor activity has accelerated again in the cryptocurrency market. Notable transactions from both large individual investors and institutional products have been reflected in on-chain data over the last 24 hours.
Jez San's Significant Altcoin Withdrawals from Coinbase Prime
According to on-chain data, an address linked to renowned investor Jez San withdrew over $15 million worth of altcoins from Coinbase Prime. The purchases were distributed as follows:
- •$8 million worth of Chainlink (LINK)
- •$5 million worth of Aave (AAVE)
- •$2 million worth of Uniswap (UNI)
- •Lido DAO (LDO) worth $250,000
Growing Institutional Interest in Chainlink
Institutional interest in Chainlink has also peaked. Grayscale LINK Trust nearly quadrupled in size in one day after its ETF launch on NYSE Arca. Total LINK assets under management have reached $64 million.
Major Bitcoin Transaction via Matrixport
On the other hand, a huge transaction moving through Matrixport also attracted attention. The bc1qszp0 address received 2,000 BTC ($185 million) in the last 24 hours.
Substantial Altcoin Withdrawals by a Major Whale
Additionally, another major market movement occurred in the last three hours. A wallet allegedly linked to a major whale withdrew a large number of altcoins from Binance, Kraken, and Coinbase. The transactions totaled approximately $35 million. The withdrawn assets were listed as follows:
- •2.01 million ENA – $5.7 million
- •3.17 thousand ETH – $10.06 million
- •22.59 million SKY – $1.27 million
- •6.53 million ONDO – 3.24 million dollars
- •25.40 thousand AAVE – $4.93 million
- •557.94 thousand LINK – $8.03 million
- •340.85 thousand UNI – $2.04 million
- •384.07 thousand LDO – 245 thousand dollars