Whale buys $10 million worth 4 altcoins from Binance

The approval of Ether spot ETFs by the SEC has the cryptocurrency industry turning to Ethereum ecosystem tokens. While a whale made a hefty $10 million purchase on Binance earlier this morning, the investor seems to have favored altcoins that have attracted recent attention.

Whale buys $10 million worth 4 altcoins from Binance

While the first half of 2024 was a historic period for cryptocurrencies with the approval of Bitcoin spot ETFs and then Ether spot ETFs by the SEC, recent developments have increased investor interest in Ethereum ecosystem tokens.

Especially after the Ether ETF approval, cryptocurrency investors are investing in the decentralized finance area of the Ethereum ecosystem.

A whale account made purchases on the Binance exchange with a high amount of $10 million this morning. According to Lookonchain, the whale bought ETH, LDO, PENDLE and SHIB. It did not go unnoticed that all these tokens belong to the Ethereum ecosystem and that PENDLE and LDO are DeFi domain tokens.

The purchases made by the whale are as follows;

  • 500 ETH worth $1.9 million
  • 2.43 million LDOs worth $5.6 million
  • 58 billion SHIBs worth $1.62 million
  • 103,000 units of PENDLE for $637,000

In the past few days, some big whale accounts made million-dollar purchases and bought some of the Ethereum ecosystem’s biggest and well-known tokens such as AAVE, UNI, LDO, ENS, LINK.

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