Huge purchase of 7 altcoins from two whales: Are they preparing for Ether ETFs?

Whales’ interest in the tokens of the Ethereum ecosystem continues as time is running out for Ether spot ETFs, whose 19b-4 files were approved by the SEC in May but have not yet been opened for trading despite more than 1 month. Two whales made a huge purchase of 7 altcoins on the Binance exchange.

Huge purchase of 7 altcoins from two whales: Are they preparing for Ether ETFs?

Whales may see the cheapness in altcoinsas an opportunity. Especially in the US, the approval of Ether spot ETFs after Bitcoin funds caused some whales to collect Ethereum ecosystem tokensfor a while.

It is seen that two big whales bought some tokens in large amounts tonight and in the morning hours. According to the information provided by the on-chain tracking platform Lookonchain, the whale named aavebank.eth from the Binance exchange this morning;

  • 21,027 AAVE worth $ 2 million
  • 205,493 UNIs worth $1.6 million
  • 102,313 LINKs worth $1.3 million
  • 20,797 ENS worth $535,000 and
  • He withdrew 446 ETH worth $1.4 million.

Another whale is also on the Binance exchange at night,

  • 508,000 units of PENDLE valued at $1.9 million and
  • 1.7 million LDOs worth $ 1.08 million.

Ethereum whales have been known to aggressively collect ecosystem assets, especially DeFi tokens, for months.

These tokens included AAVE, UNI, ENS, LDO and LINK.

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