- Earlier today, a whale withdrew millions worth of ETH from Binance to buy UNI and AAVE.
- Both UNI and AAVE saw their prices rise by more than 10% over the past day.
- ETH’s price was able to increase by just over 1% despite the massive ETH withdrawal by the whale.
In one of their latest tweets, the analytics platform, Lookonchain, revealed that approximately two hours ago, a prominent whale made a significant Ethereum (ETH) withdrawal. The post revealed that 2,096 ETH (equivalent to $4 million) was withdrawn from the popular cryptocurrency exchange, Binance.
Shortly after, the whale proceeded to utilize 500 Ethereum (approximately $960,000) to purchase 184,664 units of Uniswap (UNI) tokens at a price of $5.2 per token. Additionally, the whale spent 862 Ethereum (about $1.65 million) to acquire 24,252 Aave (AAVE) tokens at a price of $68.25 per token.
Meanwhile, data from CoinMarketCap indicated that both UNI and AAVE saw huge increases in their prices over the past 24 hours of trading. UNI was trading hands at $5.39 after it saw a more than 11% price rise. This pushed the crypto’s weekly performance further into the green at +19.78%.
Furthermore, UNI’s 24-hour trading volume saw a 118.55% increase, which left it standing at around $106 million at press time. Since reaching its all-time high (ATH) in May of 2021, UNI’s price has slipped by more than 88%.
AAVE was one of the biggest gainers among the top 50 biggest cryptocurrencies after it saw its price rise by more than 24% over the past day. As a result, AAVE was worth $72.09 at press time, leaving it trading close to its 24-hour high of $73.53.
The altcoin’s weekly performance was also firmly set in the green zone at +39.84% after its latest ascent. Its market cap of $1,037,394,232 ranked AAVE the 40th biggest crypto in terms of market capitalization.
Despite the whale’s massive ETH withdrawal, the altcoin leader was still able to print a 1.23% gain over the past day of trading. Consequently, ETH was trading at $1,910.73.
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