A smart whale with the address “0x257” recently made a significant transaction involving $7.96 million worth of assets. Spot On Chain data identified the whale’s deposit of several DeFi tokens to Binance from multiple addresses. The deposit included $AAVE, $LINK, $UNI, and $EIGEN tokens, with the largest asset being $AAVE. This caught the attention of the crypto community because the whale decided to send these assets.
More whales offloaded DeFi tokens!
Eight hours ago, the smart whale “0x257” deposited $7.96 million worth of four assets, including three major DeFi tokens, to Binance:
– 13,816 $AAVE ($3.54 million) → +$2.56 million profit (+255%)
– 161,463 $LINK ($3.13 million) → +$2.13 million profit (+213%)
– 85,529 $UNI ($758,000)…
Spot On Chain reported this with a link to the tweet.
Smart Whale Shows Success with Long-Held $AAVE, $LINK Tokens
The whale transferred 13,816 $AAVE tokens, which amount to $3.54 million. The profit from this transaction was $2.56 million, or 255%. Then, 161,463 $LINK tokens or $3.13 million were moved. This was a 213% profit for the whale, as the whale made $2.13 million out of this transaction. Furthermore, 85,529 $UNI tokens were transferred, earning a profit of $258,000 or 52%.
However, it is interesting that the whale has been holding these tokens since 2022, proving to be a long-term investment. In addition, 289,399 $EIGEN tokens were transferred along with these tokens, worth $531,000, earned by staking $ETH with EigenLayer. This shows the whale’s diverse investment approach.
Crypto Whale Adjusts Portfolio, Influences Market Trends
These large transactions indicate that the whale is changing its portfolio. The whale seems to be responding to the current market by making such transfers at significant profits. Moreover, since large players tend to make waves in the market, this action may also signal future moves.
Large transactions, reported by Spot On Chain, are closely watched by the cryptocurrency market because such moves can shape the tone of the market as a whole. This is just one example of how crypto investors, especially the large ones, diversify their portfolios.