Crypto whales have made headlines by achieving remarkable gains through their recent transactions. Over the past two days, these whales have gained approximately $12.7 million. Their notable activities in Aave (AAVE) and Uniswap (UNI) altcoins have drawn significant attention from traders.
Massive Gains from AAVE Transactions
Whales with addresses “0x991” and “0x97d,” possibly the same individual or group, transferred 41,469 AAVE coins (worth $14.7 million) to Binance in the last 40 hours. These sales are estimated to have generated around $11.3 million in profit, representing a staggering 330% return.
Currently, these whales still hold 28,639 AAVE coins (valued at $10.2 million). They are sitting on unrealized gains of $7.86 million. Despite these substantial unrealized profits, their decision to retain these assets suggests a possible long-term strategy.
Profits from UNI Coin Sales
Another whale, identified as “0x1d1,” sent 131,633 UNI coins (valued at $1.81 million) to Binance about 14 hours ago. This transaction is estimated to have yielded a profit of $733,000, with the whale still retaining $8.57 million worth of AAVE and FTM coins, amounting to a total net profit of about $4.6 million.
Additionally, the wallet address “0xcc0,” believed to be controlled by Sigil Fund, transferred 145,824 UNI coins (worth $2 million) to Binance, achieving a gain of $696,000 after a 2.5-month wait.
These large transactions in the cryptocurrency market highlight the strategic movements of whales. Such maneuvers can shape market dynamics and provide guidance to other traders, making it worthwhile to monitor whale activities.
