👀 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickSee Undervalued Stocks

On-Chain Data Reveals New Wallets Drive UNI, BLZ, PEPE, TRB Price Swings

Published 06/10/2024, 08:00 PM
Updated 06/10/2024, 08:45 PM
On-Chain Data Reveals New Wallets Drive UNI, BLZ, PEPE, TRB Price Swings
UBT/USD
-
ZIL/USD
-
UNIs/USD
-
WINK/USD
-

  • Fresh whales are showing interest in UNI, BLZ, PEPE, and TRB.
  • Lookonchain’s revealed those whales are withdrawing tokens from CEXs in large quantities.
  • All identified tokens are showing distinctive patterns in price behavior.

Blockchain analytics platform Lookonchain, known for tracking large cryptocurrency transactions, identified a potential trend in the crypto market. In a recent post, Lookonchain revealed that whales using newly minted wallets are accumulating UNI, BLZ, PEPE, and TRB.

Lookonchain’s findings show a newly created wallet withdrawing 870,827 UNI tokens (worth $8.5 million) from the OKX exchange. Similarly, another fresh wallet withdrew 7.69 million BLZ tokens (valued at $2.16 million) from Binance.

Lookonchain’s report further highlights significant withdrawals from Centralized Exchanges (CEXs) usin…

The post On-Chain Data Reveals New Wallets Drive UNI, BLZ, PEPE, TRB Price Swings appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.