Signs That a Major Whale Might Be Preparing to Sell a Surprising Altcoin

The cryptocurrency market has seen some notable whale activity in recent hours. Large transactions, particularly in Aave ($AAVE) and Ethereum ($ETH), have provided new signals regarding investors’ selling and accumulation strategies.

Blockchain Capital, a blockchain-focused investment firm, deposited its 216,292 $AAVE tokens (approximately $24.8 million) into Coinbase Prime, an institutional custody and trading platform. This move has led to market speculation that the tokens may be in preparation for a sale.

Meanwhile, a whale with the address 0xFF5D withdrew 10,008 $AAVE (approximately $1.15 million) from the DeFi protocol Aave and transferred it to the cryptocurrency exchange Binance.

On the Ethereum side, some whales were seen accumulating. An investor with the address 0x743d spent 3.79 million USDT to buy 1,827 $ETH. It was noted that the same whale collected a total of 11,985 $ETH worth $24.79 million in the last 4 days, with an average purchase price of $2,068.

Another notable transaction came from a whale with the address 0x2d85, who had been inactive for about six months. The investor, known to have previously sold Ethereum at around $4,300, re-entered the market and purchased 5,003 $ETH (approximately $10.9 million) at an average price of $2,179.

*This is not investment advice.