Tag Archives: Whale

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

Cardano whales are seizing the opportunity of price inaction to rake in more tokens. One particular cohort of ADA holders has accumulated back to their highest level not seen in nearly a year as the current value of the crypto-asset struggles below the $0.30 level. According to the crypto-analytic platform, Santiment, whales and sharks holding between 100K-10M ADA have accumulated back to their highest level since September 2022. It was also observed that Cardano’s...

The number of XRP whales owning 100M+ tokens has surged to 199, marking an 11-week high.  One factor playing a role in the new trend could be Ripple’s court victory against the US Securities and Exchange Commission (SEC), which fueled a price increase for XRP and renewed optimism in the entire cryptocurrency space. Accumulating Again The crypto analytics platform – Santiment – estimated that there are now 199 XRP whales, each of whom holds at least 100 million coins....

On-chain analyst and whale tracker Nova has spotted a profitable average trader that became a whale within five months. The said wallet 0x*************121F760e, who has “nailed” every trade since January, has a record of more than 10,000% realized profit. Nova noted that the whale’s success stemmed from good trading strategies, not luck, as they had properly managed every win and loss. From Average Trader to Whale According to Nova’s Twitter thread, the anonymous trader...

The cryptocurrency space is full of stories regarding certain investors, typically larger ones, who made fortunes with their investments in more speculative assets like memecoins. These examples tend to attract jealousy as well as some resentment from less fortunate market participants. Today, however, we will take a look at the other side of this coin. A few years ago, it was Dogecoin. Then, it was Shiba Inu. This year, at least for now, the massive memecoin explosion has...

Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered. In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40. More Gains for ADA? According to on-chain data shared by crypto analyst and trader Ali Martinez, ADA whales are on an accumulation spree over the past two weeks. During this period, this cohort of...

South Korea’s top monetary regulator – the Financial Service Commission (FSC) – thinks cryptocurrencies and stablecoins could facilitate money-laundering activities. As such, it will reportedly closely monitor the actions of the country’s largest crypto holders (those who own over $70,000 worth of digital assets). According to a local coverage, the Financial Intelligence Unit (a division of the FSC) will oversee the transactions of South Korea’s crypto whales. The regulator...

Ethereum whales have registered a sharp uptick in activity in the past few days, making nearly 2,600 transactions worth over $1 million each yesterday alone. This is the highest number of such transaction activities in a day since January. 🐳 #Ethereum‘s whales have been extremely active today, firing off 2,596 transactions valued at $1M or more. This is the highest day of whale transactions since January, and something to monitor if $ETH drops below $2k for the first time...

DappRadar – a top NFT and Defi dapp store – recently released a report analyzing the trading behaviors of three top NFT whales. It identified some collections and projects that the whales have pronounced exposure to, including Adidas Originals and Doodles. What are Whales up to? According to the report, the three whales discussed –  Pranksy, Dingaling, and Wilcox – have a net worth $242.7 million across their wallets. Each appears to employ different trading strategies,...

Canine-themed tokens’ rally as Shiba Inu (SHIB) led the recovery on Monday. Amidst a renewed bullish momentum in the market, SHIB rose by more than 24%. Several other altcoins also posted decent surges as well, while Bitcoin (BTC) settled for a modest 3% over the past day. Top 100 SHIB Holders According to the latest stats compiled by WhaleStats, the top 100 SHIB holders control more than a quarter of the total supply of the memecoin. Several cryptocurrency whales have...