A single crypto whale has wolfed up almost $53 million value of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December twenty first, in line with the blockchain tracker Lookonchain.
Lookonchain notes that the whale spent 20 million of the stablecoin USDC earlier this week to purchase $10 million value of ETH and $10 million value of WBTC.
USDC is the second-largest stablecoin by market cap and goals to keep up a 1:1 peg to the US greenback.
Since December twenty first, the whale has bought a complete of 13,843 ETH, at a median worth of $2,388, and 461 WBTC at a median worth of $43,168.
WBTC is an ERC-20 token pegged to the value of Bitcoin (BTC), permitting merchants to take a position on Bitcoin whereas staying throughout the Ethereum ecosystem. The Seventeenth-ranked crypto asset by market cap is buying and selling at $43,530 at time of writing. ETH is buying and selling at $2,411 at time of writing.
A mysterious crypto whale or establishment additionally seems to have just lately been accumulating the native asset for decentralized oracle community Chainlink (LINK), in line with Lookonchain.
The crypto tracker experiences that the whale or establishment withdrew 2,745,815 LINK value $49.9 million from the highest crypto alternate Binance by way of 49 new wallets.
LINK is buying and selling at $18.47 at time of writing. The Thirteenth-ranked crypto asset by market cap is up greater than 18% previously seven days and greater than 28% previously month.
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