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According to blockchain tracker Lookonchain, a single crypto whale has added approximately $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) to their holdings since December 21. Lookonchain reports that the whale spent 20 million USDC stablecoin earlier this week to buy $10 million worth of ETH and $10 million worth of WBTC. USDC is the second-largest stablecoin by market value and aims to maintain a 1:1 peg to the US dollar.
Whale’s ETH and WBTC Purchases
The mentioned whale has bought a total of 13,843 ETH at an average price of $2,388 and 461 WBTC at an average price of $43,168 since December 21. WBTC is an ERC-20 token pegged to the Bitcoin (BTC) price, allowing investors to speculate on Bitcoin while staying within the Ethereum ecosystem. The cryptocurrency ranked 17th by market value was trading at $43,530 at the time of writing, while ETH was trading at $2,411.
According to Lookonchain, a crypto whale or institution may be inclined to accumulate in the decentralized oracle network Chainlink (LINK) recently. The crypto tracker reported that the whale or institution withdrew 2,745,815 LINK worth $49.9 million from the leading crypto exchange Binance through 49 new wallets. LINK was trading at $18.47 at the time of writing. The crypto asset, ranked 13th by market value, has seen an increase of over 18% in the last seven days and over 28% in the past month.
Whale Activity in LINK
In conclusion, according to Lookonchain, since December 21, a single crypto whale has been accumulating approximately $53 million worth of Ethereum and Wrapped Bitcoin, while also showing a tendency to accumulate Chainlink, withdrawing 2,745,815 LINK worth $49.9 million from Binance through 49 new wallets. This whale is highlighted as a significant figure in the current Ethereum and Wrapped Bitcoin market movements and is reported to have increased interest in the decentralized oracle network Chainlink.
