Significant developments are occurring at the crypto bank Anchorage Digital. The major company has gathered considerable amounts of DeFi altcoins, capturing all attention. On the other hand, an important trading transaction in Bitcoin also did not go unnoticed.
Massive Altcoin Purchase Involving 13 Wallets
According to blockchain tracking firm Lookonchain, Anchorage Digital used 13 different wallets over the past month to accumulate more than $49.4 million worth of Maker’s native token, MKR.
Lookonchain’s analysis shows that the company made its most recent purchases on Monday, using two newly created wallets to buy MKR tokens valued at $6.28 million from the Binance exchange.
Meanwhile, MKR experienced a noticeable decline. As of the time of writing, the price of MKR has dropped over 4%, reaching a level of $2,693. MKR’s market cap has fallen to $2.4 billion following the decline.
Additionally, there was a significant increase in the 24-hour trading volume. MKR’s 24-hour trading volume, after a 23% increase, stands at $61 million. This situation, combined with the price drop, could be considered a short-selling scenario.
How Much Is Bitcoin Now?
Lookonchain also shared that during last week’s market correction, when Bitcoin’s price dropped below $60,000, a major investor quickly made $3 million following a substantial Bitcoin purchase.
Earn over $3 million in just four days! A whale, buying BTC at the bottom on May 3rd, deposited 767 BTC ($48.46 million) to Binance for profit on May 6th. After the market dropped, on May 3rd, 767 BTC ($45.44 million) were withdrawn from Coinbase at a price of 59,226 BTC.
Address 1PGncMc8diiELpe4JAVCY51fcQ215JegAF.
Bitcoin is currently trading at $61,188 following a 2% decline. Meanwhile, Bitcoin’s market cap has dropped to $1.2 trillion, indicating one of the lowest volumes seen recently.
The 24-hour trading volume shows clear signs of uncertainty. Bitcoin’s 24-hour trading volume has increased by only 0.5%, reaching $26 billion.
Following positive US data last week, statements by Federal Reserve officials may have created such uncertainty in the market.
